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[Bitwise Report: Tether's Profit Exceeded BlackRock Last Year, And Stablecoins Are Becoming An Important Application Of Encryption Technology] According To The Q3 Encryption Market Report Released By Bitwise, Stablecoins Are Becoming An Important Application Of Encryption Technology, And Their Influence Is Gradually Penetrating Into Multiple Trillion-dollar Markets. Bitwise Pointed Out That The Total Amount Of U.S. Treasury Bonds Held By The Top Five Stablecoins Has Exceeded That Of Some G20 Countries Such As Germany. In Addition, Many Listed Companies Such As Visa Have Begun To Adopt Stablecoins, And Tether's Profits Last Year Even Exceeded BlackRock (BlackRock). The Business Model Of Stablecoins Earns Interest By Holding Income Assets Such As Treasury Bonds, Which Makes It A Bridge Between Traditional Finance And The Digital Economy. Despite Stable Prices, Investment Opportunities Still Exist. Bitwise Believes That With Clear Regulation And The Participation Of Payment Giants, Stablecoins May Become A Substitute For Money Market Funds. In Addition, Blockchains Such As Ethereum Have Also Benefited From The Growth Of Stablecoins. The Report Believes That Stablecoins Have Great Potential And Investors Should Pay Close Attention To Their Development
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