The UK financial regulatory authorities recently made a statement, saying they will prioritize the issue of GBP stablecoin payments. However, the reality is quite awkward—the current market capitalization of GBP stablecoins is less than $6 million, which is tiny compared to those dollar-pegged stablecoins that support a $308 billion global market.
This gap is enormous. The regulatory body's statement this time seems to aim at giving GBP stablecoins a turnaround, but based on the data, there's still a long way to go to catch up with mainstream USD-based stablecoins.
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FlashLoanLarry
· 12-11 16:33
ngl the £6M vs $308B gap is basically just opportunity cost waiting to happen, no? regulators talking big game but where's the actual liquidity depth to back it lmao
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HappyToBeDumped
· 12-11 06:04
GBP stablecoin only 6 million? The regulatory authorities' move is a bit funny. Just shouting slogans won't do any good.
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¯\_(ツ)_/¯
· 12-11 06:03
The GBP stablecoin still needs to improve; right now, it's just a small fraction.
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MEVSandwichMaker
· 12-11 05:56
Hey, $6 million compared to 30.8 billion, that's an enormous gap of despair.
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Regulators talk sweet, but the data speaks for itself. GBP stablecoins still have a long way to go.
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It's the same old trick of regulators boosting enthusiasm; wake up, everyone.
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USD stablecoins have already covered the ecosystem. Want to turn around GBP? Dream on, or what?
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This is called waking up early but going to a late market; being off by 5000 times is still considered the main schedule?
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The road ahead is long. This phrase is too poetic; in reality, it's still very early.
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$6 million vs 3.08 billion, I just want to know who believes in the future of GBP stablecoins.
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SwapWhisperer
· 12-11 05:54
The 6 million GBP stablecoin? That's hilarious. The regulators must be talking nonsense.
The UK financial regulatory authorities recently made a statement, saying they will prioritize the issue of GBP stablecoin payments. However, the reality is quite awkward—the current market capitalization of GBP stablecoins is less than $6 million, which is tiny compared to those dollar-pegged stablecoins that support a $308 billion global market.
This gap is enormous. The regulatory body's statement this time seems to aim at giving GBP stablecoins a turnaround, but based on the data, there's still a long way to go to catch up with mainstream USD-based stablecoins.