Look the issue is that economically, yield bearing stablecoins are tokenized money market funds. But we don’t want them to be regulated as that. We want them to compete with bank deposits but we don’t want to regulated as bank deposits ( insurance, reg cap ). wtf do we want?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Look the issue is that economically, yield bearing stablecoins are tokenized money market funds. But we don’t want them to be regulated as that. We want them to compete with bank deposits but we don’t want to regulated as bank deposits ( insurance, reg cap ). wtf do we want?