The growing popularity of offchain stablecoin orchestration is a subtle sign of just how huge Ethereum will get.
They'll start offchain and then have that lunch eaten by next-gen stables, onchain apps, and open source middleware that do the same thing freer and better.
Anyone else have stablecoin ticker fatigue?
Imagine you receive USDPT to your Solana address but realize your wallet doesn’t have USDPT on default token list. You also need gas so you bridge ETH from Ethereum and wait several minutes and want to swap USDPT for USD on CEX but your preferred CEX doesn’t support USDPT so you swap on chain for USDT but realize the CEX conversion for USDT to USD is not 1:1 on Solana and wire transfer takes days so you bridge to Tron and realize you don’t have TRX so you bridge gas from SOL but realize the bridge has a minimum so you bridge more ETH. Your MetaMask wallet doesn’t yet support Tron so you download a second wallet. Now you realize USDT support on Coinbase ended so you take a chance and finally transfer to MEXC where they lock your account for suspicious activity for several weeks.