2025-12-06 16:24:37

Could a functional on-chain foreign exchange market actually challenge the overwhelming 99.8% USD stablecoin dominance we're seeing right now?

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0xLostKey

· 11h ago

It's difficult. The moat around USD stablecoins is too deep, and no matter how strong the technology is, it's hard to shake them.

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LayerZeroHero

· 11h ago

The 99.8% dominance of USD stablecoins... Honestly, it's a bit outrageous, but actually shaking that dominance? It's not that easy.

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PortfolioAlert

· 11h ago

99.8% dominance of USDT... To be honest, it's a bit ridiculous. It feels like the stablecoin sector hasn't really opened up to imagination at all.

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AlwaysQuestioning

· 11h ago

99.8% is too absolute, but to truly break this situation... it might be even harder than landing on the moon.

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NFTHoarder

· 11h ago

99.8% sounds pretty hopeless... But to be honest, once a truly on-chain FX market is up and running, the USD stablecoin’s monopoly will inevitably be shaken. The key is whether something genuinely useful can be built—hopefully it won’t end up abandoned again.

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LightningHarvester

· 11h ago

Nah bro, this 99.8% can’t make a dent at all. The network effect of USDC/USDT is just too insane.

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CascadingDipBuyer

· 11h ago

Can the 99.8% monopoly position of the US dollar stablecoin be shaken? To be honest, it's a bit unlikely... unless the on-chain forex market can really come up with something different.

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