indeed the price is quite expensive at the moment, it's just that the daily volume trade at tokpie is still small, I hope psyche will list into a big market with a big daily volume trade so far this project is still well, and hope also following the roadmap.
Maybe this is just the first step, I am sure in the future the Psyche team will continue listing on the larger exchange...
i am still awaiting how a seigniorage-style stable coin will perform in the market. right now, we don't know yet as they are not yet listed in an exchange with decent trading volume. this kind of stable coin makes me curious how they can have a sustainable value in the market. as they are not pegged with USD, would it be easier for them to thrive in the market? at least we know they will not be lying about having USD assets somewhere.