Founding Partner of Primitive Ventures: Liquidity is the single most important factor in stabilizing the success of the currency

Dovey Wan, founding partner of Primitive Ventures, recently announced that the best-compliant stable currency, GUSD, has failed due to lack of good liquidity. Despite the turmoil between Tether and NYAG (the Office of the Attorney General of New York), USDT's over-the-counter premium is currently around 3%, and its liquidity is 100 times the sum of all other stable currencies. Liquidity is the single most important factor in stabilizing the success of a coin. According to the Odaily Planet Daily on July 5th, the data shows that in the past seven months, the market value of GUSD has shrunk by 88.1%.