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Gate DEX launches DEX Pizza Festival exchange trading competition

According to official news, Gate DEX will officially launch the "DEX Pizza Festival Exchange Trading Competition" from May 25, 2026, 18:00 to June 11, 18:00 (UTC+8). The event covers all EVM-compatible networks and supports participation from multiple business lines on both web and app platforms. During the event, users can exchange any cryptocurrency through Gate Swap, and those who accumulate an effective trading volume of 5,000 USDT will qualify to share a total prize pool of 10,000 USDT. Among them, the top 1-3 traders can receive a fixed reward of up to 500 USDT, while the participants ranked 4-200 will share a tiered prize pool of 9,000 USDT based on their trading volume proportion.The trading competition activity area launched on December 23, 2025, is a fair and transparent trading arena designed specifically for on-chain users. Relying on the powerful aggregated liquidity of Gate Swap, it aims to provide users with a superior experience of low slippage and fast transactions. Users can participate in designated cryptocurrency trading with one click using the Gate DEX wallet, flexibly competing in three major event types: trading volume, yield, and newcomers. After the competition, bonuses will be automatically airdropped, allowing users to earn substantial token rewards based on their trading strength and enjoy the added value of on-chain trading.

Analysis: The CLARITY Act could strengthen the position of the US dollar stablecoin, with Asia potentially gaining an advantage in the yield competition

The U.S. Senate Banking Committee recently advanced the Digital Asset Market CLARITY Act with a bipartisan vote of 15 to 9, marking a step forward in the regulatory framework for the U.S. crypto market. Research institution HashKey Group pointed out that if the bill is enacted, it will significantly enhance compliance certainty for institutional investors participating in the crypto market and strengthen the core position of the U.S. dollar stablecoin in the global digital financial system.Analysts believe that a clearer U.S. regulatory framework will encourage banks, asset management institutions, and sovereign funds to more widely adopt compliant stablecoins for cross-border payments, settlements, and fund management, especially with more evident demand in the Asian market. However, at the same time, the U.S. restrictions on "yield-bearing stablecoins" may create structural spillover effects. HashKey researcher Tim Sun stated that if the U.S. strictly limits the stablecoin yield mechanisms, capital may flow to the Asian market or indirectly seek higher yields through "wrapped products."The report noted that the Asian market (such as Hong Kong and Singapore) features active cross-border trade, frequent capital flows, and local currencies that are more susceptible to external shocks. In an environment of high U.S. dollar financing costs, U.S. dollar stablecoins will become an important liquidity tool. However, the analysis also emphasized that this competition is not a zero-sum game. As the CLARITY Act progresses, the global competitive focus may shift from "trading platforms and token issuance" to "stablecoin liquidity channels and control over financial infrastructure," meaning who can more efficiently connect U.S. dollar liquidity, regional assets, and compliant financial channels.
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