...a stablecoin not tied to any major fiat currency with over $600MM of value locked in the contract. That's an extremely successful product by any definition.
value locked inside is not a metric of success. By that metric Bank of America is thousands of times more successful, with 1.081 trillion dollars locked in.
Does Bank of America have a stablecoin not tied to any major fiat currency with over $600MM of value locked in the contract? (Hint: no, no they do not.)