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#内容挖矿焕新公测开启 Today’s Interpretation (The Deep Dive)
In plain terms, Web3 has officially bid farewell to the "Wild West" era and entered a fierce "Establishment Internal Conflict." The most intriguing signal today is not MicroStrategy buying more Bitcoin, but Tether launching USAT.
For a long time, Tether has been like a "cash cow" hiding on offshore islands, earning huge profits but always being overshadowed by Circle's USDC in the compliant U.S. market. Now, with the launch of USAT, it’s clear they want to use a compliant ticket to compete for the dollars held by Wall Street institutions. Interestingly, this restructuring of利益分配 (profit distribution) has directly led to a "big split" among crypto giants.