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A stablecoin's rise in market share has ignited the ‘Second Great Stablecoin War’

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FTX CEO Sam Bankman-Fried says the “Second Great Stablecoin War” has begun.

could spark the “Second Great Stablecoin War,” given how fast its market cap has surged over recent months.

BUSD’s share of the total stablecoin market has risen from 10.01% on Sept. 7 to 15.48% on Oct. 22, according to crypto data aggregator Coin Metrics. Bankman-Fried noted that the first"Stablecoin War" was fought between five stablecoins in 2018, leading to USDT and USDC as the two leaders.

 

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Users are moving away from scummy USDC, so I guess it's a good thing

Tether is still on the better position

I think “war” is a strong word here. USDT is way ahead of other stables.

The result is here already as for me. USDC balance on exchanges drop continually..

SBF is trying to control crypto! He's not for decentralization! Read his drafted bill! SBF is now on the blacklist! Just ask BitBoy 'Ben' & read his bill when released and see the difference.

Nothing can deter crypto dudes to stay away

i love his name, bankman

reserveprotocol ReserveLodge

🚀Thankss a millon

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