I will be attending HYFI 2023 this coming tomorrow on behalf of @Cobo_Global. Drop me a PM if you would like to meet over a coffee. Happy to discuss topics related to Wallet-as-a-Service and digital asset custody.
2. The Liquidity Trap. For cross-border use cases like remittance, liquidity is everything. But where will it come from? You can provide it yourself or attract early liquidity providers with high staking APRs, but that's a high-risk game. We all saw what happened to some USD stablecoins recently. Unsustainable yields are a ticking time bomb.
As the web3 market cools down, I found some time to pen down some thoughts after various projects.
Building a regional stablecoin isn't just a tech challenge; it's an uphill battle against entrenched economic and social realities. If you're entering this space, here are four challenges you can't afford to ignore.
1. The User Adoption Paradox. Your target is the unbanked, but reaching them brings massive, unexpected user education costs. The only way forward is to eliminate friction entirely. Don't just build an app; embed your stablecoin where your users already are. A Telegram miniapp is a good start. Find the dominant social platform in your region and leverage it relentlessly to scale.
Will keep the sharing going, slowing market is best time for everyone to reflect and learn.
#stablecoins #RegionalStablecoins #CryptoPayments #DEFİ
3. The Tech vs. Ops Tightrope. Your technical setup defines your operational burden. A centralized stablecoin is heavy on operations but lighter on tech. A decentralized one is the opposite, demanding deep technical expertise while forcing you to navigate a fine and ever-shifting regulatory line. Choose your poison carefully.
This year marks a significant milestone for #dtcpay as we celebrate our 5th anniversary, & we’ve prepared a special video to celebrate with u! 🎉
Thank u for being part of our story. We look forward to sharing more exciting announcements with u at the Singapore FinTech Festival!
Thanks for the invitation to the #TechAndTalkConcert! During the panel, #Matrixdock BD Director @jamie_web3 shared key insights: "Tokenization unlocks the potential of #RWAs, offering them increased liquidity, ease of access, and more."
Learn more: https://t.co/cXVwzD8SRB
Excited to announce our Business Development Director @jamie_web3, will be a panelist at #TechAndTalkConcert during #KBW2024! Learn about the latest RWA trends from #Matrixdock, a leading platform in Asia. Don’t miss it!