Xinbi has taken near-total control of the crypto collateral market following the collapse of the Huiwang/Potato guarantee system. Since late 2025, USDT inflows related to Potato have plummeted, while Xinbi's monthly inflows have surged, exceeding $1.2 billion USDT. By March 2026, Xinbi's market share approached a monopoly. However, the UK government imposed sanctions on Xinbi in March, indicating potential regulatory hurdles ahead.