Eh, there are reasons to be worried about stablecoins but this isn’t one of them. Like, all the stablecoin regimes make it illegal to do this
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I think he's just missing out the interim stage where they lobby for deregulation. Although if a stablecoin can't cover its operating expenses from its interest income (something which did happen to a lot of MMFs) it's not clear what mechanism there is to gracefully wind up.
sep 1, 2025, 9:14 am • 5 1 • view
Well, sure. But the immediate concern is the fact that the SEC has blessed liquid staking as a non-securities transaction. Which probs blows a huge loophole open for getting yield on stablecoin ls
sep 1, 2025, 10:05 am • 3 0 • view
It’s not interest Sean, it’s shminterest
sep 1, 2025, 10:10 am • 2 0 • view
Why would you do liquid staking when you can just hold it on Coinbase and get "rewards"?
sep 1, 2025, 10:47 am • 0 0 • view