
Sora|Oct 02, 2025 06:13
Stablecoin Issuance looks profitable on paper (T bill yields)
Examples overindex on Tether
- Revenues capped by Fed rates (which are going down)
- Growth requires massive incentives + licenses
- Users default to USDC/USDT at the slightest friction
High costs, limited upside(Sora)
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