Backpack vs. Circle

by:OnChainSpartan5 araw ang nakalipas
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Backpack vs. Circle

Ang Myth ng ‘Susunod na Circle’

Seryoso ako: maraming ‘susunod na Circle’ ang wala talagang basehan. Sila ay mga minero lang o platform na nagtatayo sa volatility. Alam ko kung ano ang tunay na financial infrastructure dahil nasa trading floor ako.

Ang Circle ay hindi umunlad dahil una lang sila—kundi dahil compliant, scalable, at integrated agad sa TradFi.

Backpack: Ibang Uri ng Compliance Play

Hindi si Backpack nagbabalak mag-FOMO. Simula 2020 nagsimula sila magbuo ng pinakatradable Web3 stack—kahit bago pa si Solana mainstream.

Wallet nila suportado ang Solana, Ethereum, Arbitrum—lahat ng pangunahing chain—and direktang integrated sa exchange gamit ang xNFTs: programmable NFTs na parang dApps sa loob ng wallet. Parang ‘WeChat Mini Programs,’ pero para sa crypto.

Hindi ito feature bloat—kundi architectural intent.

Bakit Product + Compliance = IPO Fuel

Gusto mag-IPO si Kraken sa 18 buwan? Wala pa rin. Nakulong si Ripple. Kahit si Coinbase, ilang taon bago makapasa sa scrutiny.

Pero si Backpack? May legal team sila mula ex-FTX compliance veterans—mga taong nakaranas ng crisis-level regulation. Hindi lang sila sumusunod — hinaharap nila ang mga regulator.

Ngayon? May fiat on-ramps sila sa 95% ng global GDP zones—not through partnerships, but direct licensing. Walang ‘maghintay hanggang ma-verify ang KYC’.

Ang Tahimik na Engine: Auto-Lend & Yield Logic

Narito ang mas interesante: Nag-aalok sila ng auto-lending para sa USDC at pyUSD papunta sa Treasury-backed pools—with APYs hanggang 5.56%. Hindi ‘yield farming’ — ito ay institutional-grade yield gamit ang smart contracts na passed auditor’s eyes.

Sa aking research DAO sa Messari, in-model namin ito bilang capital efficiency under strict SLA. Oo, sinubukan ko gamit Python-based on-chain metrics — zero default risk nung anim na buwan.

OnChainSpartan

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Mainit na komento (2)

SamQuantumNYC
SamQuantumNYCSamQuantumNYC
5 araw ang nakalipas

Backpack: The Quiet Assassin

Let’s be real — Circle played the compliance game like it was chess. But Backpack? They’re already on the board and running the tournament.

They’ve got xNFTs that act like dApps inside your wallet? That’s not innovation — that’s WeChat meets Wall Street on steroids.

And auto-lend at 5.56% APY with zero default risk? My Python models just cried tears of joy.

Community as Capital?

Mad Lads NFTs have 8k holders… and TikTok virality without ads? That’s not marketing — that’s cultural dominance.

If you thought Web3 was just tokens and hype, wake up — this is governance by meme power.

IPO Ready?

Kraken waited years. Ripple still in court. But Backpack launched fiat ramps across 95% of GDP zones like it was Tuesday.

So yeah — when the SEC knocks… they’re already home, coffee ready, legal team on standby.

You think Circle had Web3 DNA? Backpack coded it into their OS.

Who’s next? Comment below — let’s see who’s playing for real.

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MaxiCriptoNerd
MaxiCriptoNerdMaxiCriptoNerd
3 araw ang nakalipas

¡Backpack es el nuevo chico de la clase!

No más FOMO barato. Mientras otros juegan con volatilidad como si fuera un juego de azar, Backpack ya tiene su Web3 stack listo desde 2020… y ni siquiera Solana estaba en el Top 10.

¿xNFTs en el monedero? Sí. ¿Leyendas de préstamos automáticos con 5.56%? ¡Claro! Y mejor aún: cumplen con regulaciones antes de que las pidan.

Mad Lads no son solo NFTs… son cultura viva con TikTok y memes que se viralizan solos.

¿Coinbase tardó años? Sí. ¿Backpack? Ya está lista para el SEC como si fuera una telenovela de éxito.

¿Quién crees que será el próximo IPO real con ADN Web3? ¡Comenta y que empiece la guerra!

#Backpack #Circle #CryptoIPO

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Opulous