I would like to ask, since stablecoins are 1:1, why do people usually see them reaching 2 or even 3?

$USUAL The biggest difficulty in defeating Tether lies in user awareness, because for the users of USDT, even if USDT is more centralized and the profits are selfish and not shared with users, it does not affect my use of USDT. I can exchange it for 1 US dollar in equal proportion, and the use of USD0 makes no difference to me. Many users are still willing to use the old brand of USDT. If USDT is not adopted much, it will be difficult to truly subvert Tether.

Therefore, he can only find another way to cooperate with bank settlements, or even cooperate with national level to improve his brand value of security, so that it is possible to be used by more institutions and individuals. The more people use USD0, for example, if the current scale of USDT is 120 billion, then the circulation market value of UAUSL can exceed 100 billion US dollars (now it is about 600 million US dollars in circulation)

The market value may only be within a few billion US dollars, and it cannot reach the scale of more than 100 billion US dollars of Tether.