✳️ 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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ted (not lasso)
@ted
Agree. If USDC hits a $1T digital dollar market cap, then there needs to be multiple issuers of interoperable stablecoins beyond Circle. And I bet Circle wants those competitors so they can focus new resources on building higher order, more interesting financial products.
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