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What an amazing business model. Buy treasuries, issue tokens that yield 0% while you rake in interest on the treasuries
Yep, to add to the craziness....now the banks are trying modify GENIUS act to prohibit paying interest to holders.
They are doing that because they see the writing on the wall: Stablecoins will start competing for customers by sharing interest rate with holders....banks know they can't compete, thus want to outlaw it.
Stablecoin companies must be secretly laughing. Imagine having your enemies passing laws to make your business more profitable.
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