There is good competition in the Crypto world, this might led to turn ugly or might provide some better product.
USDC Begging to Congress against USDT
The USD Coin (USDC) stablecoin was co-founded by COINBASE and Circle; both are doing their best to make USDC the No. 1 stablecoin, but that spot is taken by iFenx's Tether (USDT). Officials of Coinbase and Circle recently pleaded with Congress to take action against Tether and give USDC a chance to go ahead without competition.
Aptos' Jambo competition against Solana SAGA
Aptos Foundation and Jambo Technology collaborated to develop the Jambo phone, a new WEB3 smartphone optimised for the Aptos blockchain. Jambo phone is an alternative to the Saga smartphone that Solana introduced last year. Priced at $99, the Jambo phone is comparatively inexpensive when compared to the Saga Phone.
Thoughts
Coinbase and Circle are ridiculously trying to eliminate their rivals with the help of agencies from any country; they had also previously shut down the BUSD stablecoin of Pexos and BINANCE with the help of NYDFS. The work that Aptos has done is a great example of industrialization, competition, and bringing new products to the crypto world.
