Stablecoin, payment track scuffle, the third payment war opens! Traditional financial giants are frantically pouring in, who is the strongest player in Web3 projects? Background: Today, the U.S. Senate will hold a key procedural vote on the U.S. Stablecoin Innovation Steering and Building Act (GENIUS Act), which, if passed, would usher in the first clear federal regulatory framework for the stablecoin industry. Here is the stablecoin market cap ranking (from CoinMarket): 1⃣USDT, 149.5 billion; 2⃣USDC, 60.9 billion; 3⃣DAI, 5.3 billion; 4⃣USDe, 4.7 billion; （Ethena） 5⃣USD12.1 billion; (Trump) 6⃣FDUSD, 1.5 billion; 7⃣PYUSD, 870 million. （PayPal） Note: There are also data showing that there are 7.5 billion USDS and 2.8 billion USDS. The stablecoin reshuffle, the payment track started a scuffle at the same time, the following are the important events: 1⃣ Payment service provider Stripe (19.44% of the payments market) announced the launch of stablecoin financial accounts, allowing users and businesses to store stablecoins on Stripe and issue USDB; 2⃣In April, Bank of America signaled its intention to issue its own stablecoin; 3⃣In 2023, PayPal (42.35% of the payment market) launched PYUSD; 4⃣ JD.com has entered the Hong Kong stablecoin sandbox testing stage; 5⃣ Futu Securities is in internal testing to support USDT and USDC deposit trading; 6⃣Visa announced its investment in BVNK, a stablecoin payments infrastructure startup. From bank cards to electronic payments to stablecoins, this is the third generation of payment wars! At a time when traditional enterprises are marching in a big way, can Web3 native projects resist? Which projects are you optimistic about in this track? #稳定币 #PayFi