✳️ 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…
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Ian Place
@ians-place
I don’t think it’s a matter of needing competition, we probably don’t want a world where there’s 10/20 different USD stablecoins as it will fragment liquidity in DeFi and CeFi. If anything the opportunity lies in other fiat currencies for stables IMO.
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