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Du Jun: The Essence of Stablecoins at Present Stage is Arbitrage and Payment Tools
Summary: In a post on X platform, Du Jun pointed out that with the fierce AI market, funds are continuously pouring into US stocks. The trading volume of BTC ETF has accounted for 25% of spot trading, and with more ETFs, the fear in the chain and coin circle may only be left with the functions ...
In a post on X platform, Du Jun pointed out that with the fierce AI market, funds are continuously pouring into US stocks. The trading volume of BTC ETF has accounted for 25% of spot trading, and with more ETFs, the fear in the chain and coin circle may only be left with the functions of liquidation and moving positions. The trading volume on CEX in the first half of the year has dropped by 40% compared to the second half of last year, while the TVL on the chain remains unchanged. The essence of stablecoins at the present stage is arbitrage and payment tools, not an incremental engine of liquidity. The larger the issuance, the more intense the slippage.
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Link: Du Jun: The Essence of Stablecoins at Present Stage is Arbitrage and Payment Tools [Copy]
