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According to Coin World news on September 15, Mega Matrix analysts pointed out that the launch of USAT has led to the formation of a tripartite structure in the stablecoin market, namely: USDT will be the global retail stablecoin anchor, while USDC and USAT will become stablecoin tracks that meet US standards, and other USDe, Sky, and USDH are more likely to be used for earning yield. Mizuho Securities analyst Dan Dolev stated that USAT will be the biggest challenge for USDC, which is extremely unfavorable for Circle, further proving that USDC's level of commoditization in the market is hi
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