✳️ 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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Jay Jay
@jayjay
Isn’t the model that anyone can issue USDC as long as they adhere to their regulations? It’s like franchising I think
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✳️ dcposch on daimo
@dcposch.eth
No You may be thinking of WBTC
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