I did a bad job of articulating this the point here is not about enshrining a stablecoin or doing it as part of a DAT it is about fixing a simple problem: the ecosystem has a dominant stablecoin, USDC (let's say due to path dependency) but USDC captures all the yield and takes it for themselves, and Coinbase (yes, I know apps can negotiate with them, but obviously not everyone can do that) this yield should *obviously* be going to Solana users and apps in some form that form could be buy/burn, it could be full return to app, it could be some combination — the point is: it should be something better than the status quo there is no reason to suffer from path dependency anymore, the current reality is that stables are getting more commoditized, and they're much more competitive and given the recent news cycles, this is the time to move you must demand more from these stables as Solana builders to enhance your products and if everyone does that, then the ecosystem gets bigger, and as a result, your success multiples again with a healthy feedback loop

mert | helius.dev
@0xMert_
09-10
Look, this is going to happen. It is the most insane no-brainer in Solana history.
Stablecoins are commodities, and currently on Solana, there is one that captures all yield and literally funds Solana's biggest competitor with it!
With the Genius Act, these things are x.com/0xMert_/status…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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