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Paul Frambot 🦋 pfp
Paul Frambot 🦋
@paulframbot
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?
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Pedro pfp
Pedro
@pedrowww
They all saw the fees Circle and Tether were racking and want their share.
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alixkun🟣🎩🍡 pfp
alixkun🟣🎩🍡
@alixkun
This is kinda symptomatic of the whole blockchain ecosystem, and one of its major plague: If you have skills, there are huge assymetric financial incentives to start your own thing and raise massive amount of money for it, Vs contributing to an already existing product 🤷‍♂️ We're doomed to fragmentation.
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Sumaa pfp
Sumaa
@sumaa
Hopefully not anymore carry-trade backed stablecoins - the yields are already near zero. In fact no more trade-that-won't-exist-in-a-few-months backed stabelcoins
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tomu pfp
tomu
@tomu
why isn’t DAI being adopted tho? i feel like every cycle there are more stablecoin experiments, but they don’t last more than their bull market period
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Kieran Daniels 🎩 pfp
Kieran Daniels 🎩
@kdaniels.eth
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.
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chun pfp
chun
@zkchun.eth
I think the fiat backed stables is a winner takes all game collateralized (and, god forbid, algorithmic) stables are probably going to keep flooding in. partially feels like a marketing tactic sometimes tbh to make the product offering seem more grand and independent.
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Bojan pfp
Bojan
@bjnpck
It will be fragmented, I’d describe it as layered or funneled where there will be many app specifying stables, but just a few people are comfortable holding long term in size.
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Samuel ツ pfp
Samuel ツ
@samuellhuber.eth
I believe if it’s USD anywhere then wallets will aggregate it for the user and it then is just who the wallets or user deem trust worthy
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agathedavray pfp
agathedavray
@agathedavray.eth
@usual 💜✨
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Joethebeast.eth 🎩🍱 pfp
Joethebeast.eth 🎩🍱
@joethebeast1221
Ends up facing regulation.
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ns pfp
ns
@nickysap
"He who controls the money, controls the world [paraphrasing]" I have heard countless stablecoin pitches over the past dozen or so years and not a single one of them has succeeded. Same with exchanges. All makes sense from a high level; high volume = huge fees, etc. But it's like saying, "we just need to capture 1% of the market." Easier said than done.
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