Wasn’t it because the exchanges who were choosing which chain to use were demanding they get paid to use X over Y blockchain?

Obviously nobody in #Bitcoin is gonna pay “use my tech” bribes. Crypto pays that shit all day long. You know Justin Sun paid bank for it.

That’s the thing about the stable coins, they are credit instruments and the “technology” of a credit token is shockingly simple (and largely irrelevant to its underlying chain). I think it’ll naturally flow back to Bitcoin as the value of alternatives collapses.

Any crypto project that thinks they can maintain a pretend-decentralized token blockchain security model by propping it up with a different, totally centralized credit token on top of it, is likely going to have a bad time.