Christina ◡̈
@0xChristina
personal curiosity / use only ⁂
Ex @aave, @tiktok_us (Bytedance), @jpmorgan
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Great and underrated point by @joakimhi.
Once a stablecoin is lent out, it gets redeemed and offramped via DEX swaps or CEXs (about 80%) -- so it's not the issuer paying that yield.
In my experience, that's exactly why stablecoin issuers struggle to make long-term structural yield-share economics work doing deals direct with lending protocols natively.
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