Stablecoins: Stripe USDB, Ramp card, US Senate vote and who is going to make money from them

To avoid the network effects problem and the "is it a security" concern I proposed this idea of a Hydra dollar 

Everyone issues their own stable, then deposits them in a smart contract to withdraw Hydradollar which can get network effects

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

To avoid the network effects problem and the "is it a security" concern I proposed this idea of a Hydra dollar 

Everyone issues their own stable, then deposits them in a smart contract to withdraw Hydradollar which can get network effects

https://uhcult.notion.site/Hydradollar-1ed2bfb9a3c180899168d7dd32957859

Wouldn’t it be in tether/circle’s best interest just to do this to wrap up market share? 

Side note, I’ve been thinking about the idea of stablecoins pegged to in-game currencies like wow gold.

making victory.fm ✊. Decentralized and trustless digital item trading powered by zktls.

Like Dan was mentioning there is a hard cap on the number of people you can share the underlying yield with before it becomes a security

But who knows if tether gives a fuck about that