I'm a large dumb dumb so help me out to understand this.>Tether and Circle were the top dogs in crypto stablecoins, fueling the exchanges and altcoins bonanza>GENIUS act created an infinite-money glitch for US government, a domestic debt sponge that will absorb infinite governmental debt>muh GENIUS act hype>OpenUSD arrives, swinging it's massive dick>Tether and Circle can not possibly compete against literal fucking BlackRock>Circle stocks tank instantly when OpenUSD is announced >OpenUSD will devour Tether and Circle>Tether rekt>Circle rekt>OpenUSD illuminati are not interested in shitcoins or shitcoins exchanges>as Tether and Circle implode replaced by OpenUSD, shitcoins exchanges and shitcoins implode as wellWhat am I missing? (Inb4 a brain)Is this the reason why the 2025 rally was so dogshit?
The future of stablecoins isn't relevant to shitcoins. Shitcoins destroyed their own reputations all by themselves (and with help from the president).
>>62462966Yeah but OpenUSD rekting Tether and Circle - is that not apocalyptic for shitcoins? The final shitcoins solution, never forget the 6 000 000 shitcoins
>>62462954you're making some serious logical leaps. Tether is extremely well capitalized and is the most sophisticated stablecoin operator, with a product nearly as old as Bitcoin. Circle meanwhile has a massive established network effect that is extremely difficult for competitors to overcome. It doesn't particularly matter who is "part of" OpenUSD and how much money is pumped into it, it needs traction from users. barely anyone uses stablecoins as it is, they are still very "crypto native" in the sense that the userbase is primarily people who are already using cryptocurrency
>>62462983Those are valid points.But I don't think the OpenUSD illuminati formed OUSD to compete on shitcoin markets, rather a new sector of global RWA where the entire planet will buy into stablecoins - namely OUSD and will fund both the US economy and US governmental debt, bypassing previous limitations for doing so.If true, that would mean that OUSD will dominate this sector while tether and circle will be the underdogs there (if at all).Which would either leave tether and circle to shitcoin markets, or ultimately cause them to collapse.On another note - the big players (including US administration) are using shitcoin markets as their personal short term piñata, they clearly give 0 fucks about long term viability of shitcoin markets. From this I think it's safe to assume that there are no sophisticated plans for shitcoins to play a massive role in the future areas created by GENIUS act. BTC and other crypto that already have legislative clarity might play a part in it, but outside of those "approved ones" - the shitcoins markets will probably continue to be just measly pump and dump scam vehicles.Which creates a potential future scenario of:>OUSD dominates global RWA, but stays away from shitcoin markets (to not tarnish it's image by being associated with scams)>all what's left for tether and circle are shitcoins>BTC and a select few others pump, probably being responsible for over 98-99% of all gains in total crypto mcap and thus T-bonds sponged by crypto>shitcoins become more niche and even more aggressively scammier and gamblier, userbase plummets to even lower levels>tether and circle profit from the "chosenites" like BTC and a few othersThis seems to be the best case scenario for both shitcoins and Tether + Circle. Doesn't look too good for shitcoins. Future of tether and circle then becomes reliant on popularity of crypto top projects, which apart from BTC also looks bleak.But then again I'm a silly retard and I don't know shit about fuck.
>>62462954Why would a stablecoin affect shitcoin (and I mean actual shitcoin, not just B-tier crypto you don't like) markets? They are always pooled with ETH, SOL, or whatever native coin of the chain, not with stables. You should be asking how it affects lending and other DeFi.
