Identity Crisis of Crypto-Backed Stablecoins
Stablecoin is a very profitable business, which already found its product market fit in the ecosystem. Millions of people around the emerging markets use stablecoins to access USD, which was not possible before. However, it should be noted that even though stablecoins are a byproduct of the crypto ecosystem, at the current state, they inherently clash with the main ethos of crypto, decentralization. As known, the biggest stablecoins in terms of market cap are fiat-backed stablecoins such as $...
Identity Crisis of Crypto-Backed Stablecoins
Stablecoin is a very profitable business, which already found its product market fit in the ecosystem. Millions of people around the emerging markets use stablecoins to access USD, which was not possible before. However, it should be noted that even though stablecoins are a byproduct of the crypto ecosystem, at the current state, they inherently clash with the main ethos of crypto, decentralization. As known, the biggest stablecoins in terms of market cap are fiat-backed stablecoins such as $...
The Future of Non-USD Stablecoins
With the rising stablecoin market primarily consisting of USD stablecoins, there is an emerging belief that non-USD stablecoins can follow their success. However, I disagree with this view, contending that non-USD stablecoins are constrained in their potential. In this article, I will explain my rationale for the limited prospects of non-USD stablecoins. In the course of this article, I will start by providing a definition of non-USD stablecoins. Subsequently, I will analyze the current state...
The Future of Non-USD Stablecoins
With the rising stablecoin market primarily consisting of USD stablecoins, there is an emerging belief that non-USD stablecoins can follow their success. However, I disagree with this view, contending that non-USD stablecoins are constrained in their potential. In this article, I will explain my rationale for the limited prospects of non-USD stablecoins. In the course of this article, I will start by providing a definition of non-USD stablecoins. Subsequently, I will analyze the current state...
Thoughts on T-Bill Backed Stablecoins
The realm of stablecoins continues to undergo significant evolution, marked by the constant introduction of innovative stablecoin projects. Among these emerging concepts, Treasury Bill-backed stablecoins have gained considerable attention within the stablecoin ecosystem. In this article, I will elaborate on this topic, starting with a comprehensive definition of treasury bills, followed by an exploration of the features surrounding treasury bill-backed stablecoins. Furthermore, I aim to devel...
Thoughts on T-Bill Backed Stablecoins
The realm of stablecoins continues to undergo significant evolution, marked by the constant introduction of innovative stablecoin projects. Among these emerging concepts, Treasury Bill-backed stablecoins have gained considerable attention within the stablecoin ecosystem. In this article, I will elaborate on this topic, starting with a comprehensive definition of treasury bills, followed by an exploration of the features surrounding treasury bill-backed stablecoins. Furthermore, I aim to devel...
The Power of Network Effect in Stablecoins: $BUSD Case Study
The network effect, a phenomenon in which the value of a product increases as more people use it, stands as one of the most critical factors for the success of a startup. In the realm of consumer apps within the cryptocurrency space, particularly for stablecoins, the significance of the network effect cannot be overstated. I believe that many developers within the stablecoin ecosystem do not place enough emphasis on the pivotal role the network effect plays. Consequently, alternatives to well...
The Power of Network Effect in Stablecoins: $BUSD Case Study
The network effect, a phenomenon in which the value of a product increases as more people use it, stands as one of the most critical factors for the success of a startup. In the realm of consumer apps within the cryptocurrency space, particularly for stablecoins, the significance of the network effect cannot be overstated. I believe that many developers within the stablecoin ecosystem do not place enough emphasis on the pivotal role the network effect plays. Consequently, alternatives to well...
Yield-Bearing Stablecoins: Are they really PMF?
Yield-bearing stablecoins are considered the next revolution in the continuously evolving stablecoin ecosystem. Over the past year, numerous projects have emerged, dedicated to developing yield-bearing stablecoin products. In this article, I will offer a comprehensive overview of yield-bearing stablecoins, emphasizing the primary categories within this landscape: LSD-backed stablecoins, Treasury Bill-backed stablecoins, and yield-generating stablecoins. Following this, I will conduct a user a...
Yield-Bearing Stablecoins: Are they really PMF?
Yield-bearing stablecoins are considered the next revolution in the continuously evolving stablecoin ecosystem. Over the past year, numerous projects have emerged, dedicated to developing yield-bearing stablecoin products. In this article, I will offer a comprehensive overview of yield-bearing stablecoins, emphasizing the primary categories within this landscape: LSD-backed stablecoins, Treasury Bill-backed stablecoins, and yield-generating stablecoins. Following this, I will conduct a user a...
