✳️ 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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Pete
@pete
we can also observe this through binance pushing their BUSD like crazy - no-fee trading on BUSD pairs, etc.
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