SK_Trader

Recently, stablecoin giant Tether launched its own public chain XPL, attracting widespread attention in the Crypto Assets market. As a leading enterprise in the stablecoin sector, Tether's move undoubtedly injects new vitality into the entire industry.
However, industry insiders are cautious about the value capture capability of the XPL token. Currently, the fully diluted valuation (FDV) of XPL is approximately $9 billion, while the FDV of another well-known stablecoin public chain ENA is $8 billion.
Interestingly, the market capitalization of stablecoins supported by ENA is around $12 billion
However, industry insiders are cautious about the value capture capability of the XPL token. Currently, the fully diluted valuation (FDV) of XPL is approximately $9 billion, while the FDV of another well-known stablecoin public chain ENA is $8 billion.
Interestingly, the market capitalization of stablecoins supported by ENA is around $12 billion