About the Bounty

Why, despite its unparalleled tech and speed, is Solana still lagging in the stablecoin race?

We wonder - how long will it be before we wake up to find Solana leading in stablecoin dominance? Where it’s leading global payments and remittances? Where its capital efficiency is showcased? Where it solidifies its role as the ideal layer for payment and commerce settlement?

If you’ve been on Solana for as long as we have, you know the many things that are Only Possible on Solana. We’ll say “Not long from now”. This shift seems not only imminent, but inevitable.

But today, Solana still ranks number 5 in terms of stablecoin dominance. Tron holds the second spot with $47 billion pool, marking the highest growth this year.

$47 billion. This is a seriously untapped opportunity for Solana.

Wanted: Your on-the ground analysis

At ISC, these are exactly the kind of intriguing scenarios we are committed to exploring. Beyond simply recognizing these market trends, we're determined to dissect the underlying factors: What makes Solana’s technology revolutionary yet underrepresented in the stablecoin sector? How has Tron managed to secure rapid growth in this competitive space?

Our approach isn't limited to surface-level analysis. We seek to understand the foundational 'whys' and 'whats' that drive these narratives. This is where you come in. We need your insights, your research, your on-the-ground perspective.

Your mission is two-fold:

• Network and Technology: Unpack the intricacies of Solana and Tron. How do they compare in terms of technology, speed, cost, and efficiency? What distinguishes each in this fast-evolving blockchain arena?

• Stablecoin Fundamentals: Evaluate these stablecoins’ fundamentals, performance, and real-world applications. How are they functioning across different economic landscapes? What's their real-world potential/impact? What unique value does each offer over the other?

  • Solana's USDC vs Tron's USDT

  • Solana's ISC vs Tron’s USDT

    
    

We're leveraging the Superteam network for grassroots research. We want to know: How is Tron USDT being used in your country? Argentina, India, Nigeria – every market tells a story, and your research could reveal the nuances of these narratives. We're starting with India.

Key Focus Areas of the Research:

• Compare network fees, efficiencies, and technological advancements

• Analyze stablecoin operations, fundamentals, and their unique value propositions

• Uncover real-world applications and impacts on India

• Provide actionable insights for the dominance of Solana in stablecoins. Identify how ISC, an anti-inflation stablecoin, can lead this on India.

   

Deliverables

• One full research article or report.

• Twitter thread summarizing your key findings and insights in 10 tweets or less.

You're an ideal fit if you:

• Have deep understanding of Solana and Tron networks

• Have research-oriented mindset and can provide insightful conclusions

• Are well-versed on India's market dynamics and usage patterns

• Can answer this question: How is Tron USDT being used in India?

  
  

Resources

Here are some ideas and write-ups that you can validate and expound upon:

• Tron USDT replacing Western Union on remittances

• Tron has been the dominant chain for real world payments, especially in emerging markets like LatAm, Africa, and Asia

• The growing demand for USDT on Tron is driven by its common use in many countries where USD is tough to access, like China

• Random Twitter replies on widespread use of USDT Tron in emerging markets

• Overview on Tron’s network fee mechanism

• VISA’s deep dive on Solana

• Breakpoint 2023: The Future of Finance and Blockchains, with VISA

• On/Off-ramp on Solana 

  
  

To know more about the International Stable Currency (ISC):

• ISC Website

• ISC Explainer Video

• Telegram Community

• Twitter

• Medium Blog

  
  

Terms

Participation in this bounty is entirely voluntary. Bounties are a way to learn and dabble in opportunities to build in web3. These are neither full time jobs nor project based engagement. Please be advised that the sponsors will not have time for individualized feedback due to the number of entries we receive.