✳️ 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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McBain
@mcbain
It’s funny when rates were 0 fintech companies and banks were all about non-deposit income How could they charge fees because making $$$ on interest seemed like a fools errand Now all of a sudden holding deposits is a good business again
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