From conversations I had, the number of different stablecoins that are going to be released in the next year is quite crazy. 

Having a hard time understanding what is the endgame of all this: Will we see a winner takes all eventually or will it be forever fragmented?

Co-founder & CEO at @morpho labs. Making financial infrastructure a public good.

Winner or regional (relegations) winners will emerge, but it will still be a sea of fragmentation. 

Also I assume centralized stables dominate until there is a real banking collapse and then the need for RAI and others will become apparent.