ericyakes on Nostr: Yes I think it will come with the next cycle. As more stablecoins get issued by ...
Yes I think it will come with the next cycle. As more stablecoins get issued by fintech incumbents the market will get more competitive and stablecoins will be forced to pass along the yield they’re capturing to remain competitive.
Long term I think these institutions could cross into the systemically important territory
Published at
2023-08-14 16:21:44Event JSON
{
"id": "3a977c938cd26ee4b66c176990ea73d8d12e5ed7ff5425adf58ca3cb7dd7e809",
"pubkey": "df932c1c5e5bdf210d164eeb61326cae2e97d460292c1b65e30e5f6caadc6aaa",
"created_at": 1692030104,
"kind": 1,
"tags": [
[
"e",
"9751df484a73170d293e157213c6f4dcc98af6beaed15f8df10df34534bb3444",
""
],
[
"e",
"7318afc1cd30757db438eeb8b3036d3690a7387a2d8041bd89f9f9627236b115"
],
[
"p",
"e26b5f261cb29354def8a8ba6af49b137e3144388a81ef78eed8e77cfb18fd44"
]
],
"content": "Yes I think it will come with the next cycle. As more stablecoins get issued by fintech incumbents the market will get more competitive and stablecoins will be forced to pass along the yield they’re capturing to remain competitive.\n\nLong term I think these institutions could cross into the systemically important territory",
"sig": "89042b55634b6ba65045fd5b87aaa4517140e37628ea8735edda4612f42bc69ccd33fb930ba0222aff45ec93d02eb824c0ad5be0e97960dce5bc5ae7a4d4f2e7"
}