Guotai Junan International Research Report: The future stablecoin market is likely to show a "dual-track parallel" development feature

Planet Daily News: Guotai Jungan International recently published a digital asset research report titled "Insights from Tether: Can Non-USD Stablecoins Break Through?" The report suggests that as global major countries and economic entities establish stablecoin regulatory frameworks, the global digital asset market is experiencing a historic transformation. The institution pointed out that after years of development, non-USD stablecoins have established an expansion foundation, and the "de-dollarization" trend this year has provided new opportunities for non-USD stablecoins. From the current stablecoin market's regulatory framework and development status, the future stablecoin market is likely to exhibit a "dual-track" development characteristic. On one hand, US-based compliant stablecoins will be dominant, serving strongly regulated traditional financial and institutional markets, emphasizing safety, transparency, and legal protection. On the other hand, Tether may continue to play a crucial role in specific regions and crypto native ecosystems; meanwhile, compliant offshore stablecoins based on different sovereign currencies will accelerate development, serving specific geo-economic circles and diverse demands. From the market composition perspective, for Tether, the wave of US stablecoin compliance is both a challenge to market share and potentially an opportunity to deeply cultivate specific "offshore" ecosystems. Simultaneously, non-USD stablecoins can also find their potential breakthrough from Tether's experience.