While USDT and FDUSD dominate the BSC chain, they are inherently centralized and subject to the risk of being frozen. LisUSD, issued by @lista_dao, is waging an asymmetric war.
LisUSD is a native, decentralized stablecoin on the BSC chain. With Binance's support for the decentralized ecosystem, the use cases for LisUSD are visibly expanding. You can now see LisUSD in an increasing number of DEXs, lending protocols, and even payment gateways.
This home-field advantage is unmatched by any other stablecoin. In the future, LisUSD is very likely to become the base settlement currency for DeFi projects on the BSC chain.
Once this position is established, the demand for LisUSD will grow exponentially. As the sole governance token for minting LisUSD, $LISTA will directly benefit from the increased seigniorage. The final outcome of this stablecoin war may very well be a balance of power between LisUSD and centralized stablecoins.
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