If a stablecoin issuer bets on the ecosystem, they will likely succeed. Gaining traction will attract new competitors, which will mature the industry. The endgame is either finding a niche market, onboarding all people on-chain, or facing a government ban.
Users will challenge the payment status quo. The more lucrative the incentive, the greater the adoption of stablecoins. Incentives are key. Tweaking mint and burn fees to balance incentives is needed to prevent GMV or valuation bubbles. The business must generate revenue.
Will snowball w/ music festival tickets & any merchant at the festival using stablecoins to some extent. incentive : discounted price cover by stable coin issuer.
IMO, the best market penetration for non-USD stablecoins is in niche pop culture segments. E.g., if a local artist, musician, or singer drops a new album or EP, fans can buy it with stablecoin. Incentives could incl. a special NFT & a discounted price.
should we have onchain fun fact like : . Did you know @arbitrum’s average block time matches the gap between Lando and Piastri in the F1 China race? Just 0.26 seconds!. insert <@Dune graph> and <footage of F1 China >. or it could be anythings.