The Second Stablecoin War Begins, Market Landscape Reshaping Underway

Source: Odaily (ID: o-daily) Author: Azuma "The Second Great Stablecoin War has begun." This was the assessment given by FTX founder Sam Bankman-Fried (SBF) when discussing recent competition and market share changes in the stablecoin market a few days ago. Looking back to around 2018, multiple over-collateralized stablecoins backed by fiat currencies engaged in fierce competition.