If you're wondering why the banks don't want yield on stablecoins, here's the summary of National Deposit Rates from the FDIC: -> Savings = 0.39%, Checking = 0.07%, MM= 0.58%! -> All while the Treasury Yields are 3.89% (from 12/15) -> That fat spread of 3.82% represents bank profits and it's what they don't want anyone jeopardizing

Eleanor Terrett
@EleanorTerrett
01-13
🚨NEW: Yield update: Banks may have won this round on stablecoin yield. The latest draft (page 189) says companies cannot pay interest just for holding balances. You can earn rewards, but only if they’re tied to opening an account or activity like making transactions, staking, x.com/eleanorterrett…

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