This might be oversimplifying the entire Stablecoins but this is my mental framework to evaluate them.

Tier 1
Assets Pegged: USDC - USDt - DAI - GHO
All that matters is revolving around the 1$ value with a decentralized or not way of redeeming.

Tier 2
Built-in Yield: sFRAX - sGHO - sDAI - USDM 
Similar to previous but you are able to earn the underlying yield generated by the collateral 

Tier 3
Networked Stablecoins: USDS - AgoraUSD
They are able to form powerful network effects and integration by giving back part of the yield to integrators. USDS calls it allocation system but Agora was the first one to write about it from what I saw.

In the upcoming months all stablecoins will need to evolve from their respective categories or lose market share.

I didn’t mention natively omnichain but that should be a given at this point 

💋  Bài viết này rất cảm động và ý nghĩa! Aww! @thanhluvl