As long as the team is involved in Web3 business, they are basically keeping an eye on the stablecoin market.

The reason is simple:

In the early stages, passing compliance, regulation, and market education hurdles is indeed difficult, but once scale is achieved, backend profits will be infinitely amplified.

Now everyone is making arrangements:

• On Sun's side, USDD has an annualized return of 12%+, the profit figures look "exaggerated," but whether there will be problems in the future is a different matter;

• CZ is also promoting USD1, continuously increasing investments in the stablecoin ecosystem;

• Tether's acquisition of operations like Juventus is also continuously expanding USDT's brand and influence;

• USDC is constantly optimizing its reserve structure to enhance transparency and security.

Leading stablecoin teams are aggressively building moats.

This area is not only a key focus for institutions and large funds but also one of the tracks worth long-term research for newcomers who want to seriously enter Web3.