TechFlow News: On January 28, Yi Lihua, founder of LD Capital, posted on social media: “Companies like Tether and Binance operate as industry ‘siphons,’ generating annual profits in the tens of billions of U.S. dollars. They achieved rapid, unregulated growth during crypto’s early days—when compliance was not required. As a non-compliant stablecoin issuer, Tether simultaneously earns massive profits from the crypto ecosystem while aggressively purchasing gold with those profits. From an investment perspective, it has succeeded; yet from the standpoint of industry development and respect, it has failed. In contrast, compliant stablecoins like USD1 truly ‘build the industry’: they subsidize users via WLFI and continuously acquire industry assets such as ETH. If CZ genuinely believes in the coming ‘super cycle’ and if ‘Big Sister’ truly anticipates the arrival of the Bitcoin era, then Binance should allocate part of its profits toward buying BTC, ETH, and other core assets—only then would its actions match its words, only then would it truly ‘Keep Building’ and earn broader respect. I also hope other platforms follow suit. Only a bull market across the entire industry can bring prosperity to all—and the staunch bears are, in fact, the true poison within our industry.”
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