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HIP-3 currently cannot launch existing trading pairs. However, the mainstream still remains USDC trading pairs, and theoretically, there is still room to expand to other stablecoins such as USDE, USDH, USDT0, and others. It seems there is still an opportunity. But the problem is—hot projects like TSL and APPL have long occupied the USDE and USDC trading pairs. The available trading pair options for newer projects are already very limited. To put it simply, the current situation of HIP-3 is a competition for trading pair positions, and whether it can be launched ultimately depends on which coins are chosen for pairing.