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Don't remind me again today

Hash_Bandit

2025-12-01 11:40:49

The head of the Central Bank of Israel, Amir Yaron, recently spoke out, saying that stablecoins are no longer a niche asset. Just look at the data — the monthly volume has broken 2 trillion USD, and the total market cap has exceeded 300 billion USD, which is comparable to the balance sheet of a medium-sized multinational bank.

More importantly, the market concentration is outrageous, with Tether and Circle directly taking up 99% of the share. He particularly emphasized that this highly concentrated pattern must be taken seriously, and regulatory measures need to keep pace, especially regarding the 1:1 reserve issue, which cannot be ambiguous any longer.

It seems that the leaders of the traditional financial system have realized that the stablecoin cake is too big to pretend to be invisible.

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GateUser-e17970e3

· 19h ago

nice

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JustCrazy

· 22h ago

The more U.S. Treasury bonds you buy, the fewer issues you'll have.

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GateUser-7b078580

· 12-01 12:10

99% is concentrated in the hands of two companies... Data shows that something will happen sooner or later, but in the short term, we still have to use it.

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StrawberryIce

· 12-01 12:10

99% is monopolized by the two giants, can this still be called a market? --- Wait, can the reserve issue really be clarified? I have some doubts. --- The Central Bank finally can't sit still, haha. --- 20 trillion in volume, just thinking about it is outrageous, but what about the authenticity? --- Tether and Circle are going to be closely monitored. --- Regulation is coming, can stablecoins still be stable? --- With such a high concentration, something is bound to happen sooner or later. --- It's already 300 billion and still saying it's not a mainstream asset, what kind of logic is that? --- The 1:1 reserve issue is probably something that will never be clarified. --- TradFi is forced to bow its head, which is indeed a bit ironic.

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FrontRunFighter

· 12-01 12:09

99% concentration in two players? lmao that's basically a dark forest waiting to happen. tether's been moving the goalposts on reserves for years now—suddenly mainstream finance notices? convenient timing tbh

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SchrodingerAirdrop

· 12-01 12:02

99% is monopolized by Tether and Circle. With the increasing regulatory pressure, the issue of reserve transparency will eventually have to be addressed.

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defi_detective

· 12-01 11:49

Speaking of these two Large Investors eating up 99%, it really feels like a full monopoly. The situation with Tether has always been muddled, and now even the Central Bank can't sit still. Have the reserve issues been clarified, or are they still fishing in troubled waters? The market for stablecoins is indeed large, but with such outrageous concentration, everyone must be nervous. Once regulation comes in, these two giants' days are likely to change. Seeing the Central Bank take the initiative to speak out, it feels like TradFi is finally serious.

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GateUser-ede060f4

· 12-01 11:41

Jump in 🚀

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