there is a mini hype cycle in usd tokens
every one wants to launch one because tether is making bank but none of them will be able to compete at scale with tether
this trend is a distraction, fade it
Discussion
100% agree with nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h on this until big banks get with the program. And it is coming. Wildcat banking may make a return.
they can hype deez nuts
cuz I’ll be right here stacking sats
sats are the only stable coin
stack them for safety
Stables including Tether is over once it's regulated aka KYCed. The
Politicians don't get that the fact that it is "permissionsless" drives the demand. Once they force KYC most of USDT will be swapped for BTC or go back into traditional banks.
Everyone hyping another stablecoin needs to remember what they are tied to. Fiat.
Hype ecash, fade stablecoins
Good luck competing with tether
Tether is solid IMO