Guotai Junan International's latest research report suggests that the stablecoin market is poised for a dual-track development, driven by regulatory frameworks and de-dollarization trends. The report highlights that while US-compliant stablecoins will dominate traditional financial markets, Tether and other non-US dollar stablecoins are set to expand in specific regions and crypto-native ecosystems. This development is seen as both a challenge and an opportunity for Tether, as it navigates the evolving landscape of US compliance and offshore market growth.