Financial columnist Hu Wei said today that with the arrival of this hot market, the trust crisis that USDT has experienced since May has almost vanished. TUSD, GUSD, USDC and other emerging stable coins are trying to challenge the USDT dominance. Although there are certain progress and achievements, from the overall situation of the industry, these actions have basically declared phased failure. All major public chains are actively seeking compliance credits to enter their ecology and improve their ecological systems. In the future, stable coins may become the necessary infrastructure for every public chain, and the market is broad.