Non-Dollar Stablecoins Poised for Growth Amid Regulatory Changes

According to Foresight News, Guotai Junan International recently released a digital asset research report titled "Insights from Tether: Can Non-Dollar Stablecoins Break Through?" The report highlights that as major countries and economies establish regulatory frameworks for stablecoins, the global digital asset market is undergoing significant transformation. The report notes that after years of development, non-dollar stablecoins have established a foundation for expansion, and the recent trend of "de-dollarization" offers new opportunities for these stablecoins. The report suggests that the future stablecoin market is likely to exhibit a "dual-track" development pattern. On one hand, U.S.-based compliant stablecoins will dominate, serving the heavily regulated traditional financial and institutional markets, with a focus on security, transparency, and legal assurance. On the other hand, Tether may continue to play a significant role in specific regions and within the crypto-native ecosystem. Additionally, compliant offshore stablecoins backed by various sovereign currencies are expected to accelerate their development, catering to specific geopolitical economic zones and diverse needs. From a market composition perspective, the U.S. stablecoin compliance wave presents both a challenge and an opportunity for Tether to deepen its presence in specific "offshore" ecosystems. Meanwhile, non-dollar stablecoins can find their own breakthrough potential by learning from Tether's experiences.