Isn't this analysis true of all DeFi stablecoins? None of em have any real entrenched demand and it's questionable if the costs are worth it...but that also leads to the market still being wide open, so why not try and take it?
The market is tiny at the moment. Could grow if USDC was to become abandoned or starts blacklisting a ton of stuff but no signs of that happening anytime soon. Even if it does happen eventually, right now you're way too early.
Isn't this analysis true of all DeFi stablecoins? None of em have any real entrenched demand and it's questionable if the costs are worth it...but that also leads to the market still being wide open, so why not try and take it?
The market is tiny at the moment. Could grow if USDC was to become abandoned or starts blacklisting a ton of stuff but no signs of that happening anytime soon. Even if it does happen eventually, right now you're way too early.