"Smell of napalm-regulation in the morning.. Smelled like...victor!"

The finish of #BUSD can be considered a kind of postscript to 2023 and a preview to 2024, and the dynamic transformation of the landscape of the stablecoin segment. Testing of various regulatory policy standards, competition between projects and national regulators will likely become a key background for changes in the industry.

The USA, China, the EU and separately the UK (as the winner of the “situational delinking” grand prix) will deploy the main calibers in the “war for the cryptocurrency inheritance”. The most active progress in the field of regulation is observed in the United States. At the same time, the general logic of these events suggests that by the widely discussed tokenization, the US establishment and financial institutions mean #dollarization (more precisely, #“treasuryization” ) of the industry, as part of the global financial market.

#ArthurHayes recently rightly pointed out a number of problems associated with the bursting of the sovereign debt bubble. However, in the author’s humble opinion, #“institutional_dollarization” will primarily hit the connecting and most “narrow” segment of the crypto industry – the stablecoin infrastructure.

Instead of the ideals of “financial freedom” - cashback “the Marshall Plan for PAX Americana”