RE: Are yield-bearing stablecoins truly a threat to the traditional banks?
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It's in their nature to want control, and they'll get it so long as people are willing to give it up.
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Thing is, if they don't also get some crypto that deflates, they will lose long-term!
Care to elaborate?
Well. They will be inflating away the very coins they are promoting. They will have to transfer some of it into something that grows relative to that to build actual wealth.