According to Mihir (@RhythmicAnalyst), hundreds of stablecoins backed by the US dollar are expected to be launched by financial firms and major retailers, focusing on USD as the underlying currency and leveraging crypto technology, likely through permissioned blockchains. This signals a major shift in stablecoin market dynamics and could impact trading volumes and liquidity for existing stablecoins like USDT and USDC. Traders should monitor the potential influx of new permissioned-chain stablecoins and consider implications for cross-chain liquidity, regulatory trends, and stablecoin arbitrage opportunities. Source: @RhythmicAnalyst on Twitter, June 13, 2025.