Competition is heating up in the stablecoin market! 💥 Despite the dominance of USDT and USDC, giants like PayPal and Ripple are trying to grab a share of the pie by launching their own stablecoins. Ethena's new USDtb stablecoin attracts attention by offering stable returns in both bull and bear markets. However, market dynamics continue to change with the search for decentralization and new protocols. 📉