Ultimately, I think algorithmic stablecoins are going to realize most of the market but that requires a lot of maturity.
What do you mean by this? How can HBD demonstrate such maturity?
It too is backed by US Treasuries. However, it also allows for the purchase of tokenized T-bills as their backing asset. This is the first time I came across this.
Good to hear that USDA is also something new for you.
BUIDL is for institutions while USDA is focusing on the FOREX market
How about HBD? What should be its focus?
From $150B to trillions, that's a very promising future for stablecoins.
HBD requires size and other utility. Maturity means building an ecosystem around it, more than just payments. It needs to be involved in lending, funding, and have derivatives in addition to just being a payment vehicle.
Yes, lending and derivatives. Is HBD not involved yet in funding?