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RE: USDD Failing And What It Will Take For Stablecoin Success

avatar of @muratkbesiroglu
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@muratkbesiroglu
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1 min read

The king of copy/paste

😂🤣😀

It also drew my attention. Tron copied DEFI, NFTs, and algorithmic stable coins earlier than most other networks. There is nothing wrong with the "me too" approach. On the other hand, it would be better for them to add something unique to the copied concepts. And Terra Luna incident showed that critical thinking is required before aping to the latest trends.

I'm also in favor of Hive imitating new concepts in the crypto market. But this can be done with creative additions. Hive Punks is a good example of this. In fact, Beeswap is also more user-friendly than Uniswap imitations. On the other hand, HBD may also be the best algorithmic stable coin in the market in terms of working logic. Unfortunately few people know about the Hive ecosystem. If Hive can make it to the top 100, it can easily become the new phenomenon in the crypto world.

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