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Why Banks Fear Stablecoin Yields: A Threat to Their Business Model #Crypto #Stablecoins
🔍 Why are banks so concerned about stablecoin yields? It's simple: stablecoins are shaking up their long-standing business model! 💥 Traditional banks pay you minimal interest on deposits while lending out your funds at much higher rates, pocketing the difference. But stablecoins disrupt this model by offering genuine yield without ...
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Not all stablecoin yields are built the same. Where you put your capital matters. Most stablecoin yields drop when borrowing slows down. The Sky Savings Rate is designed to remain resilient. At an APY of ~3.75%, the Sky Savings Rate doesn't depend on a single source, so it is designed to absorb risk when market conditions shift. To access the Sky Savings Rate, swap USDC/USDT into sUSDS, and your balance will start accruing yield automatically. Put your stablecoins to work through @SkyMoney.
Not all stablecoin yields are built the same. Where you put your capital …
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