Host @sytaylor said that the Stablecoin Power Law Has an Important Exception: ⁣ ⁣ "If I look at Deel contractor payouts, they have DLUSD, and the user at the last mile is living inside that deal wallet just like they live inside a Felix wallet."⁣ ⁣ "When my user is captive in my app and I already have distribution, why would I not keep the yield in that scenario?"⁣ ⁣ "I think there is a viable use case for my own stablecoin where I can capture the yield."⁣ ⁣ "I do agree that if you have an ecosystem, then you make that token very valuable. But that can happen with very few players."⁣ ⁣ Distribution changes the economics. Once a user never leaves the app, the issuer keeps the float yield instead of passing it to a third-party stablecoin.⁣ ⁣ 🎙 Listen to the latest episode on Tokenizedpod(dot)com