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?

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
9
Repost
Share

Comment

0/400

OffchainOracle

· 2025-12-08 15:57

A 99.8% share is really outrageous, but to be honest, if you want to shake the dominance of the US dollar, you need real trading volume.

View OriginalReply0

WinterWarmthCat

· 2025-12-08 01:34

99.8% is really scary, but can the on-chain forex market get a piece of this pie? It seems quite difficult.

View OriginalReply0

0xLostKey

· 2025-12-06 16:54

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.

View OriginalReply0

LayerZeroHero

· 2025-12-06 16:48

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

View OriginalReply0

PortfolioAlert

· 2025-12-06 16:48

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.

View OriginalReply0

AlwaysQuestioning

· 2025-12-06 16:42

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

View OriginalReply0

NFTHoarder

· 2025-12-06 16:41

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.

View OriginalReply0

LightningHarvester

· 2025-12-06 16:30

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

View OriginalReply0

CascadingDipBuyer

· 2025-12-06 16:26

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.

View OriginalReply0