Let's see how Tether's leader comments on Circle launching its own stablecoin public chain: "Some companies' strategies look just like moths flying into a flame..." Last month, when I was talking with Plasma's founder @pauliepunt, I asked him this question: do you think Circle will also follow suit and launch its own stablecoin public chain? Paul said he didn't think so... Now looking at it, from Plasma to Stable to Tempo to Arc, dedicated public chains for stablecoins have become the hottest competitive track.