Just finished a project on the chain, watching the U arrive, feeling great, and the news I saw directly woke me up.
The stablecoin world war has truly begun! On one side, USDT wants to raise 20 billion USD, with a valuation soaring to 500 billion, trying to crush its opponents with money; on the other side, the issuer of USDC, Circle, has acquired the cross-chain protocol Axelar, directly increasing the usage scenarios by 8 times!
One is desperately raising money, while the other is crazily acquiring land.
This situation is very much like two giants pushing chips wildly at a poker table, but are we ordinary players just their chips with the U in our hands?
As an old hand on-chain, I have participated in countless projects and concluded a painful lesson: it is better to build your own fortress on the ruins of war than to take sides in the giants' battle.
What I truly care about is not who wins between USDT and USDC, but rather:
Is my money reserve truly transparent? (The old question of USDT)
Can my money generate income on its own? (USDT and USDC cannot provide this)
Is my money truly decentralized and not belonging to any company that could potentially fail?
Thus, a large portion of the U I earned has been exchanged for USDD from @usddio. This is not following the trend; it is my 'trust ticket' invested with real money.
#USDD is a reliable currency for me, not a marketing slogan, but a fact I have witnessed on-chain:
Transparency is key: all of USDD's excess collateral is on-chain and can be verified at any time. I do not need to trust Tether's quarterly reports; I only need to trust the blockchain explorer. This provides invaluable security in a time when giants are tearing each other apart and trust is fragile.
Assets should be able to generate 'passive income': USDT/USDC in my wallet are just numbers, but USDD, through its protocol mechanism, may allow me to earn interest while holding it. This frees me from the anxiety of 'seeking opportunities'; my stable assets themselves have become a 'yield base'.
The true decentralized currency: it does not belong to any company that may be subject to regulatory scrutiny or make poor decisions. Its robustness comes from code and mathematics, not from a CEO's Twitter. This is especially clear in today's environment where competition among giants is increasingly fierce and regulatory pressures are everywhere.
So, my strategy is very simple:
Let USDT and USDC fight it out; they are responsible for occupying payment and trading scenarios. My core wealth needs to dock in a transparent, income-generating, decentralized harbor. @usddio is the port I have chosen in a turbulent sea.
The struggle among giants is bound to be exciting, but the smart money has already found quieter ways to appreciate. Your U, is it a choice to become the 'war fund' for the giants, or to become the bricks of your own 'wealth fortress'?
