Stablecoin leader Tether, after years of development, is accelerating the implementation of an ambitious strategic plan. The core logic of this plan is to strengthen its dominant position in the industry through a dual-driven approach of self-developed ecosystem and compliance.

In terms of compliance, Tether has established a dense global layout. They founded the Algorithm Compliance Foundation, launched XUSDT with 100% compliance standards, and have completed EU MiCA certification. At the same time, they are pursuing licensing in key markets such as Hong Kong, the US, Japan, and South Korea. Interestingly, traditional financial giants are beginning to recognize this stablecoin enterprise: VISA has integrated it into its cross-border payment network, and JPMorgan Chase has incorporated it into its collateral management system. These initiatives essentially break down the barriers between traditional finance and on-chain assets.

In terms of infrastructure, Tether is taking more aggressive actions. They launched their own public chain, Plasma, which uses Bitcoin as the settlement layer for the mainnet and is compatible with the EVM ecosystem. More importantly, this public chain supports XUSDT zero-fee transfers, integrates native privacy features, and provides BTC liquidity. Currently, the $150 billion USDT scattered across various public chains is expected to gradually converge into this proprietary clearing layer, directly addressing the value capture issues caused by multi-chain fragmentation.

At the ecosystem level, Tether is working on the entire "reserve-issuance-circulation" chain. They increased their holdings by 137,000 BTC to strengthen reserves and have ventured into carbon assets and green finance through their subsidiaries. Meanwhile, they are deeply collaborating with mainstream projects such as the Solana ecosystem and MakerDAO. They are also selectively divesting non-core businesses to focus resources on stablecoin issuance, on-chain circulation, and industrial collaboration. This closed-loop design undoubtedly consolidates and reinforces their industry leadership position.