✳️ dcposch on daimo
@dcposch.eth
Has anyone pointed out the centralized stablecoin inflation windfall? Circle gets to - Issue $60b in USDC for deposits - Earn billions in interest, up 10x since year. Treasuries pay 4% now - Pocket all of that. USDC pays 0.0% lol They need competition…
10 replies
0 recast
0 reaction
One.L
@eliotpuplett
I hope to build/see a world where no one nation is the reserve currency of the world (like USD), one where democratic Web3 institutions issue/control money supply. We're a long way off from that & I'll probably be dead before it happens; but I think it would benefit all humanity.
0 reply
0 recast
0 reaction
