Analyst | Li Xueting, editor | Hao Fangzhou, designer | Kong Fanxing
Produced by Odaily Research Institute (v: Odaily-research)
Editor's Note: The biggest recent hotspot in the industry isFacebook releases digital currency project LibraRelated topicsRelated topicsThe detailed report will be updated below, and the voices of all parties will be recorded.
In general, Libra's boost to the encryption industry is far greater than the threat to the subfield, and there are still many regulatory challenges before the product is officially launched. Furthermore, we believe thatThe closest thing to Libra's "shock wave" will be the stablecoin market. Because stablecoins, including Libra, are positioned on the infrastructure of the digital world, competing with "the previous generation of currency forms". It’s just that in terms of implementation, the stablecoin that anchors off-chain assets is intended to provide a bridge and yardstick for the exchange of volatile cryptocurrencies, and the stablecoin that relies on assets on the mortgage chain wants to rebuild the financial ecology on the chain based on traditional business experience. Idealistic algorithmic stablecoins are still trying to build a mortgage-free autonomous utopia. resemblanceSDR (Special Drawing Rights)Libra is naturally classified into the first category, and will "fight" with the legal currencies of various countries in the payment scenario.
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