@0xNeptun

who do you think is more worried? https://t.co/LMad21LORg

i love competition and for the first time in a while @tether and @circle might have a real competitor if they play their cards right i’m well aware of how difficult this is. competing with USDT and USDC is mostly a distribution game. what i find most interesting is the revenue model; the companies backing OUSD will actually be able to earn from the underlying yield, giving them a direct financial incentive to integrate and promote it across their own products. that’s a pretty different dynamic from what we’ve seen until very recently with the hyperliquid/circle deal it won’t be easy and they might even be underestimating how much work(and resources!!) this will take, but it’s definitely something i’ll be keeping an eye on

update: https://t.co/4G83SZJsDs

.@tradexyz claims another soul who's next? https://t.co/23Ixm44PNo

this is EXTREMELY refreshing to see and i genuinely hope more teams follow this path tldr; > raised $60m > launched and TGE’d > realized it’s no longer '21 and apps>>chains > pivoted to building consumer apps on @base i’ll be honest, i was never a huge fan of Sophon because i felt they were targeting a very specific niche that said, the fact they were self-aware enough to recognize the market changed and willing to pivot makes me far more bullish on what they’ll build next than if they had kept forcing the original vision their first product, @paywithpyre, looks like it’s going after the growing crypto card market through gamification, interesting choice but i see the vision kinda reminds me of @itstuyo’s “buy now, pay maybe” concept ggs @0xsseb, excited to see where this goes next gSophon