I agree we are still in the very early stages. The focus only started with the emergence of the HBD stabilizer (at least from the public perspective). So we are a little over a year into it going from my memory.
The other white whale is a use case for spending. It needs a place to be spent.
This is certainly true. The medium of exchange feature is enormous. Here is where the network effect kicks off but not in the way of sending prices appreciating. Instead, it insulates the stablecoin against market fluctuations since many are not paying attention. They have other reasons for having the token in their wallet.
I do think we have two other things to focus upon which will help a great deal:
- time locked vaults in the savings program
- collateralization mechanisms built on the second layer
Put all four of those together and we have a very powerful stablecoin.
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