# Competition Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Competition", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Stablecoins hit a turning point as Fidelity launches FIDD – Details

Stablecoins are entering a new competitive phase, marked by major institutional entries. Fidelity Investments has officially launched FIDD, a USD-backed stablecoin available on Ethereum to retail and institutional users, redeemable 1:1 for dollars. Separately, CME Group is exploring the launch of its own token to improve efficiency in margining and tokenized cash. Meanwhile, Base has surpassed Ethereum in monthly stablecoin transfer volume, signaling a market shift where users prioritize lower fees and faster execution over established brands. This indicates the stablecoin market is expanding beyond a few dominant players and moving toward mainstream adoption.

ambcrypto02/05 19:03

Stablecoins hit a turning point as Fidelity launches FIDD – Details

ambcrypto02/05 19:03

Predicting the 'Side Hustles' of Market Giants: From Online Betting to Offline Store Openings

The competition between leading prediction market platforms Kalshi and Polymarket has expanded from online to offline. On February 4, Kalshi distributed free groceries (up to $50 per person) at a market in New York City, promoting its event-based trading platform with the slogan “We believe in free markets.” The campaign targeted economic concerns like inflation and aimed to attract users by lowering entry barriers. On the same day, Polymarket announced plans to open a permanent free grocery store in New York, supported by a $1 million donation to address food security. The store, set to open on February 12, aligns with Polymarket’s mission to make prediction markets accessible and socially impactful. This offline move reflects intensifying competition. Kalshi, compliant in the U.S., has partnered with platforms like Coinbase and reported annualized trading volume exceeding $100 billion. Polymarket faces regulatory challenges, including bans in Ukraine and Portugal, and restrictions in Nevada. It also competes with new entrants like Opinion, which raised millions and gained rapid traction. Other players, including Crypto.com, Kraken, Robinhood, and Hyperliquid, are also entering the prediction market space, driven by growing user interest in event-based trading. As global events like elections and sports continue to attract attention, prediction markets are poised for further growth, keeping platforms like Kalshi and Polymarket in a fierce battle for users.

比推02/04 14:00

Predicting the 'Side Hustles' of Market Giants: From Online Betting to Offline Store Openings

比推02/04 14:00

Prediction Market Competition Heats Up, Hyperliquid Enters the Fray with 'Outcomes'

Hyperliquid, a leading crypto derivatives exchange, has announced the test launch of "Outcomes," a new prediction market feature, causing its native token HYPE to surge over 10%. Unlike traditional prediction markets, Outcomes is designed with three core mechanisms: full collateralization (eliminating liquidation risk), non-linear settlement (enabling complex strategies similar to options), and native integration with Hyperliquid’s chain and margin system. This move positions Hyperliquid against established players like Polymarket (focused on social sentiment), Kalshi (compliant markets), and Coinbase (consumer-facing products). Hyperliquid aims to integrate prediction markets directly into its financial ecosystem, allowing users to combine derivatives and prediction positions within a unified margin account. With a highly efficient core team of 11 members generating over $1 billion in annualized revenue per person, Hyperliquid is expanding rapidly. While some analysts note that even capturing all of Polymarket’s volume would only add ~5% to Hyperliquid’s revenue, the platform’s current $7 billion valuation is considered undervalued compared to Polymarket’s $10 billion valuation. Outcomes is seen as a key step in building a comprehensive on-chain Wall Street, though it remains in testnet with no mainnet release date announced.

marsbit02/03 04:23

Prediction Market Competition Heats Up, Hyperliquid Enters the Fray with 'Outcomes'

marsbit02/03 04:23

Was Ripple a Threat to Epstein and Co.? Why Traders Believe New Files Could Serve ‘Bullish for XRP’

Recent disclosures from the "Epstein Files" have reignited discussions about early power struggles in the cryptocurrency industry. A 2014 email revealed that figures tied to Bitcoin infrastructure, including Blockstream co-founder Austin Hill, viewed Ripple and Stellar as threats to their strategic vision. The correspondence, which included Jeffrey Epstein as a recipient, suggested that supporting these projects created a conflict of interest for investors aligned with Bitcoin-centric ventures. Some XRP traders argue these documents validate long-held claims that Ripple posed a serious competitive challenge to Bitcoin-aligned interests, interpreting this as "bullish" for the token. Ripple's former CTO, David Schwartz, suggested the email might be "the tip of a giant iceberg," indicating broader early opposition to Ripple. However, the documents do not show Epstein took any action against Ripple, only that he was included in high-level discussions. Despite trader optimism, XRP's price remains under pressure, trading around $1.64 with a bearish technical structure. Analysts note that reclaiming key resistance levels would be necessary for a significant recovery.

ccn.com02/02 13:51

Was Ripple a Threat to Epstein and Co.? Why Traders Believe New Files Could Serve ‘Bullish for XRP’

ccn.com02/02 13:51

Coinbase vs. Wall Street: Who Decides the Next Step of the U.S. Financial System?

Amidst the intensifying conflict between the crypto industry and traditional banking, Coinbase CEO Brian Armstrong is leading a high-stakes battle against Wall Street giants over the proposed Clarity Act. The core dispute centers around whether crypto platforms should be allowed to offer yield on stablecoin holdings—often around 3.5% annually—which banks argue functions similarly to interest-bearing deposits and threatens their deposit base. Armstrong contends that banks should either raise their own rates or enter the stablecoin market themselves, advocating for free-market competition. The clash escalated at Davos, where Armstrong faced direct confrontations with banking leaders like JPMorgan’s Jamie Dimon and Bank of America’s Brian Moynihan, who argued crypto firms offering bank-like services should face equivalent regulation. The legislative process has seen delays and intense lobbying, with banks warning of potential deposit outflows while Coinbase mobilizes significant political influence through super PACs and strategic advocacy. As the White House mediates discussions, the outcome of the Clarity Act could redefine the future of financial services, determining whether crypto platforms can operate as bank alternatives or be subjected to stricter banking regulations. Armstrong’s support is now seen as critical to any viable compromise.

marsbit01/30 07:23

Coinbase vs. Wall Street: Who Decides the Next Step of the U.S. Financial System?

marsbit01/30 07:23

The State of TRON H2 2025: Stablecoin Settlement at Scale Amid Rising Competition

In the second half of 2025, TRON focused on operational execution and targeted growth, prioritizing initiatives with clear ROI and real-world adoption. Key developments included strategic integrations with platforms like Kalshi and Revolut, enhancing its role as a low-fee, fast settlement layer for stablecoins. The network expanded into chain abstraction through a collaboration with NEAR and improved developer infrastructure with Alchemy RPC support. TRX performance remained strong, rising 26% in 2025, and the network deepened interoperability with Base via LayerZero. TRON maintained its leadership in stablecoin settlement, processing trillions in annual volume and growing monthly active stablecoin users by 38% to over 10 million. Despite increased competition from chains like Plasma and Solana, TRON's stablecoin supply grew 41%, primarily driven by USDT. On-chain metrics showed 300M+ monthly transactions and 20M monthly active accounts, with over half being stablecoin users. Revenue peaked in Q3 but declined in Q4 due to market conditions. Looking ahead, TRON aims to defend its market share by maintaining predictable fees, expanding payment provider integrations, and reducing UX friction.

TheNewsCrypto01/29 09:13

The State of TRON H2 2025: Stablecoin Settlement at Scale Amid Rising Competition

TheNewsCrypto01/29 09:13

Mobile: The Next Battleground for Solana

The era of competing solely on blockchain performance and technical roadmaps is over. Layer-1 blockchains must now compete at the top of the application stack—focusing on applications and users rather than just infrastructure. Solana is well-positioned to lead this shift by targeting the Internet Capital Market (ICM), where capital formation happens at scale, especially on mobile devices. Unlike neutral backend infrastructures of the past, L1s now face competition from regulated entities, high-performance tech, and financial giants. Centralized crypto apps like Binance and Coinbase have built their own chains to capture more value, while new chains from companies like Stripe and Circle leverage existing distribution channels. To stay competitive, established blockchains must adopt opinionated approaches to their tech stack usage. Solana’s performance and foundational components make it an ideal default operating system for mobile crypto applications. However, the current on-chain experience remains fragmented and browser-based. Solana Labs, with its mobile-focused initiatives like Solana Mobile and the recent SKR token, is uniquely equipped to drive ICM adoption on mobile. By building vertically integrated application that reflects its design philosophy—integrating DEXs, perpetuals, and payments—Solana Labs can demonstrate large-scale capital formation in action. While some ecosystem developers may fear competition, Solana’s permissionless nature ensures a level playing field. Solana Labs’ efforts can benefit the entire network by highlighting and integrating ecosystem components in ways independent apps cannot, ultimately making the ecosystem more competitive. The winners in crypto over the next five years will be determined by which core teams make the right opinionated decisions to win at the top of the stack—and Solana is poised to lead in mobile ICM.

比推01/28 20:50

Mobile: The Next Battleground for Solana

比推01/28 20:50

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

SoftBank plans to expand its investment in OpenAI, potentially increasing the AI firm's valuation to around $830 billion. This move aims to strengthen SoftBank's position in the AI sector and support OpenAI amid rising competition. Following the news, some AI cryptocurrencies, like Bittensor (TAO) and Story (IP), saw slight gains, though others declined. The overall AI crypto market cap rose slightly to $18.09 billion. However, the market remains volatile due to factors like global trade uncertainty and gold's rally to record highs, which is attracting safe-haven investors. Official details of SoftBank's additional investment have not yet been publicly confirmed.

TheNewsCrypto01/28 05:33

SoftBank to Expand OpenAI Investment, Will AI Cryptos Respond?

TheNewsCrypto01/28 05:33

Compliant Stablecoin Competition Heats Up as Tether Launches USAT to Enter the US Market

Tether, the dominant stablecoin issuer, has launched a new regulated dollar-pegged stablecoin called USAT, specifically designed for the U.S. market under the GENIUS Act framework. USAT is issued through the federally chartered Anchorage Digital Bank, with Cantor Fitzgerald serving as the custodian and primary dealer. Initially launched on Ethereum with a supply of $20 million, it is supported by exchanges including Bybit, Crypto.com, Kraken, OKX, and MoonPay—notably excluding Binance and Coinbase, which have ties to competing stablecoins. Tether will pursue a dual-track strategy: USAT will focus on compliant competition within the U.S., while USDT continues to serve as the global liquidity benchmark in offshore markets. USAT enters a highly competitive landscape, challenging incumbents like Circle’s USDC, World Liberty Financial’s USD1 (backed by the Trump family), PayPal’s PYUSD, and BlackRock’s USDtb. While Tether has substantial financial resources, it remains uncertain whether it will adopt aggressive incentive strategies to spur adoption, as the company has historically opposed yield-bearing models. The success of USAT will depend on Tether’s ability to compete as a regulated latecomer in a crowded market.

Odaily星球日报01/28 02:44

Compliant Stablecoin Competition Heats Up as Tether Launches USAT to Enter the US Market