How do you feel about the ban on passive stablecoin yields?
>>62055328Celebrity defy it's fleece and you'll know how the oyster drives to the moon on Saturday nights.
>>62055328Sounds legit to me.
GaySince its explicit tied to the hip with sovereign ponzi bonds it straight out worthless
The destiny of stablecoins is to be a programmable, borderless version of the dollar. Not a dollarbacked shitcoin that magically gains higher yield than traditional dollars. I think the reason they even do that in the first place is that the people who make those yields possible assume that stablecoins are more secure simply because of their association with the dollar. In reality, they're exposed to many more risks than typical dollars are.How many stablecoin issuers or dexes offering yield on stablecoins actually have 100% ironclad proof of reserves? Sure, banks don't either but the systems and regulations that they're required to comply with are a form of security in and of themselves. Allowing passive yield on stablecoins could expose huge amounts of dollars to much greater risk than they were ever intended for.
>>62055447>please have demand for my sovereign ponzi bond derivativesno
I trust big Serg