Latest FDIC deposit rates released and consumers across the country are still getting fleeced
> 0.07% interest on checking is crazy?! With a $100 balance you'd earn 7 cents! Enough for absolutely nothing in the country
> Meanwhile a bank, using that same deposit money, and without taking any duration or credit risk or leverage, would earn the other $3.57 that your funds generate! Enough for a hot Dunkin Donuts coffee while you're toiling away
> Pretty obvious why the banking consortium doesn't want stablecoin issuers paying out any yield; status quo is pretty good!
twitter.com/TheOneandOmsy/stat...
