more stablecoins good? yes
building with stablecoins? not so good yet ....
but that changes now with Stablecoin Abstraction Engine by @BungeeExchange
why do we need it?
>more stablecoins are launching everyday, per defillama we got about 300 already, across 100+ chains
> infra is limited by chains and stablecoins supported for ex - Visa only supports like 4 stables & 4 chains for payments
> regional preferences - most of asia prefers USDT on Tron, LATAM has ton of regional stablecoins and Polygon as the preferred network
in our discussions with 50+ builders, we also learned that moving stablecoins onchain means dealing with bunch of complexities and uncertainties like:
> lower output or failed txns due to wrong slippage setting
> fees - hell lot of it, like bridge fee, gas fee, infra provider fee etc.
so what's stablecoin abstraction engine by bungee?
simply put, it adds certainity of execution while abstracting away onchain complexities when moving stablecoins across chains or swapping between these stablecoins
to learn more -
what do builders get?
> certainty of fee - just 1 fee for everything
> certainty of output - receive the output quoted, everytime
> certainty of operations - simple way to execute txns without any complexities
Bungee already serves these stablecoin flows across 100+ partners like Coinbase, Metamask, Kraken, Gemini, Cowswap etc. supporting 100s of stablecoins and 30+ chains
and with stablecoin abstraction engine we expand the focus to support everyone building towards the vision of tillion dollar stablecoin economy - fintechs, remmitance, payment apps & more.
If you are building for the stablecoin economy, let us know -
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