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Details will be coming, but it sounds like Paypal's stable coin will have no yield. Holding money for people, while paying them no yield in the current interes
by tenpies 3y ago
Details will be coming, but it sounds like Paypal's stable coin will have no yield.
Holding money for people, while paying them no yield in the current interest environment, would be hugely lucrative.
- 22c 3y agoI can't think of any successful stable coins that offer yield on their own. DAI in a round-about way, I guess? Seems like it would be relatively trivial to dump pyUSD into a Curve pool which would generate yield for pyUSD HODLers (among a myriad of other ways that pyUSD could be used to generate yield).
- happytiger 3y agoIt’s just slightly avoiding being a criminal act with the terms and conditions I guess. We take your money and earn interest while giving you… nothing? What the hell is going on?