Everyone is suddenly launching a stablecoin. Because #stablecoins# might be the best business model in crypto right now. Here’s the simple model: ▫️ You deposit $1 ▫️ They give you $1 in stablecoins ▫️ Your real dollar gets invested into US Treasuries You keep the stablecoin and they earn the interest. 2024 estimated revenue from Treasury interest alone: 🔹 Tether ($USDT): $7B 🔹 Circle ($USDC): $1.7B 🔹 Ethena ($USDe): $320M 🔹 MakerDAO ($DAI): $200M More users → more deposits → more yield. That’s why stablecoins are becoming one of the biggest businesses in #crypto# right now. Which stablecoin project are you most excited about right now? 👀

NEW: Spencer Pratt is suddenly within single digits of L.A. Mayor Karen Bass, with new polling showing the former reality TV star and independent candidate gaining 12 points since March. The Emerson poll has Bass at 30%, Pratt at 22%, and socialist-linked Nithya Raman at 19% Pratt’s campaign is leaning hard into L.A.’s homelessness crisis, using sharp social media and attention-grabbing ads to turn a long-shot bid into a race people are now watching.