Loosely held view: there are three independent trends that seem favorable for stablecoins being the big winner in this crypto winter.

1. High interest rates make it a good biz

2. US federal legislation likely in the next 12 months; would make traditional FIs more comfortable

3. Developer infra being built out now

I've had a long-standing idea to build a stablecoin that has a separate yield token, the majority of which is given out to folks for contributing to the community or developing the ecosystem. I find tether and circle so greedy, particularly given your 1.