Re: USDT and USDC Establish Their Own Networks

Quote from: BitGoba on August 18, 2025, 01:02:57 PM

USDT and USDC have announced that in the future, their tokens will be used for payments only on their own networks, and that fees will be charged exclusively in their tokens.

USDC issuer Circle to launch new layer-1 Arc blockchain this year

https://cointelegraph.com/news/usdc-issuer-circle-layer-1-blockchain-arc

Tether creates ‘Stable’ blockchain built just for USDT economy
https://coingeek.com/tether-creates-stable-blockchain-built-just-for-usdt-economy/

This is likely bad news for most altcoins like Ethereum, solane ,Tron, BNB, and others, since people mainly use them for tokenized dollars

I don't know if this is bad news or just sad news for our crypto community in this industry. If it were up to me, I hope their plans don't push through. Honestly speaking, the current situation is much better, and I'm pretty sure everyone who has been here for a long time will agree with me.

The good thing now is that we can use USDT-USDC on several on-chain networks. Because if they really do that, we'll just look for other crypto assets that can also be used on all networks, and most likely, P2P merchants on CEX platforms will do the same.