Banks are dragging their feet on savings rates. Your checking account just sits there earning nothing—because that's what a checking account does. But here's the kicker: stablecoin issuers? They're not exactly throwing money at you either.

Where do those stablecoin yields actually come from? The Fed. And the Fed's playing a different game entirely. They don't want retail deposits flooding in because that changes everything—suddenly you're forced to lend to Main Street instead of parking it all with the government. That's the real tension nobody talks about. The system is structured so that money flows one way, and your savings rate stays laughably low no matter which track you're on.