Regulated financial services company Paxos has launched its wrapped, yield-bearing stablecoin USDL on the $INJ ecosystem.

let's be honest! I think that many of these new stablecoins will end up like UST!

Not even because something will break or scam! But simply because with the advent of regulation, the US will simply say, you did a great job friends, but only WE can print dollars, so here is OUR regulated stablecoin!

Why do we need so many stablecoins? This is the same question: why do we need so many useless protocols that are hacked every month and people lose millions of dollars, why do we need so many useless l2 solutions that do not solve anything except the financial well-being of the team and venture funds that bought these tokens at an early stage!