Section 1: The Crumbling Foundations of Tether’s Hegemony
Rahab
“According to Crypto.news, Tether’s market share has finally fallen below 60%. Once hailed as the ‘unshakable king,’ Tether is now showing cracks. But I think it’s shortsighted to call this ‘a sign of market health.’ Rather, it looks like part of a new power structure orchestrated by U.S. capital and giant exchanges.”
Moka
“True… we ordinary users might think, ‘More options beyond Tether is a good thing.’ But in reality, we may just be switching to another coin backed by big capital. It’s not real freedom of choice—just a different shape of cage.”
Rachel
“This reminds me of a passage: ‘The market is a capricious Mr. Market—sometimes manic, sometimes depressed. Investors who are swept away by those moods suffer the greatest losses.’ The stablecoin market today is exactly that microcosm.”
John
“In the end, the only way to overcome this instability is for investors to choose their own foundation. That’s why we stress PGirlsChain. What we need is not stablecoins issued by massive capital, but a decentralized network grounded in DAOs.”
Stablecoin Market Share (Concept)
Asset | Share | Note |
---|---|---|
USDT | 59% | Below 60% |
USDC | 28% | Rising trend |
DAI | 6% | Decentralization-oriented |
Others | 7% | Algo & small-cap |
Section 2: A New Power Struggle in the Stablecoin Market
Rahab
“The rise of USDC and DAI might look like diversification and competition. But in reality, they are being woven into the regulatory nets of the U.S. government and financial institutions. Tether’s decline isn’t an ‘expansion of freedom’—it’s simply a transition into the U.S.-style control model.”
Moka
“So basically, we could be heading toward a world where the stablecoin we use in everyday life can be stopped at a single command from the SEC or Japan’s FSA… Doesn’t that feel more like a rehearsal for central bank digital currencies (CBDCs)?”
Rachel
“‘Investment is about comparing price and value; those who expect only price increases are merely speculating.’ The fact that even stablecoins have become speculative assets is proof their essence has been twisted.”
John
“Exactly. Unless they’re guaranteed by a DAO-based mechanism, stablecoins are just centralized IOUs. PGirlsChain and PGirls are meant to be a testing ground to break away from that.”
Stablecoin Power Shift Over Time (Concept)
Section 3: The Inevitability of Decentralization Shown by PGirlsChain
Rahab
“Even as Tether’s dominance weakens, U.S. capital is already trying to seize the next ‘throne.’ Doesn’t that fundamentally deny the Web3 ideal—community-driven decentralized networks?”
Moka
“Absolutely. The trajectory of stablecoins is directly tied to our freedom and choice as ordinary users. The more U.S. capital controls it, the further we drift from the DAO vision of borderless networks.”
Rachel
“‘Those who believe the market is efficient suffer the greatest losses when efficiency breaks down.’ Today’s stablecoin market is less efficient than ever—distorted into an incomplete market by big capital.”
John
“That’s why a sovereign network like PGirlsChain is necessary. A decentralized system unbound by borders or regulations. PGirls tokens aren’t just currency; they’re a medium for community building. This is the path to preserve the original ideals of Web3.”
PGirlsChain Value (5-Dimension Radar, Concept)
Section 4: Conclusion — From Speculation to Community
Rahab
“It’s dangerous to think of Tether’s collapse as ‘market evolution.’ In truth, it’s just a reshuffling of control designed by big capital.”
Moka
“If ordinary users unconsciously go along with this, by the time they realize it, DAO-like freedom might already be gone…”
Rachel
“‘Investment without a margin of safety is not profit—it’s merely buying danger.’ Believing stablecoins to be ‘unconditionally safe’ is itself the greatest risk.”
John
“That leaves us with one path. Through PGirlsChain and the PGirls token, we must move from speculation to community. True decentralization won’t be preserved by big capital or by states—it will be preserved by the community itself.”
From Speculation to Community: Centralized vs DAO-Native
Centralized Stablecoin Stack
- Issuer: single private company / quasi-governmental framework
- Governance: board-driven, regulation-dependent
- Freeze risk: blacklists and discretionary stops
- Revenue: fees/yield captured centrally
Metric | Level | Visualization |
---|---|---|
Speculation | High | |
Community Value | Low | |
Censorship Resistance | Low | |
Transparency | Medium |
DAO-Native: PGirlsChain & PGirls
- Issuance/Operations: community-led DAO
- Governance: on-chain voting & clear rights
- Resilience: distributed nodes, fault tolerant
- Revenue: royalties/fees circulate to the community
Metric | Level | Visualization |
---|---|---|
Speculation | Low | |
Community Value | High | |
Censorship Resistance | High | |
Transparency | High |