The stablecoin yield debate is too narrow
Why banks should treat the stablecoin rewards debate as one symptom of a larger shift in programmable cash, tokenized funds, settlement, custody, and foundational infrastructure.
Topic
Bitcoin
A collection of 4 issues
The Myth of Getting on Zero Fiat
Getting on zero fiat is a myth in a world where we all have fiat-denominated liabilities. Stay humble, stack sats, and match your assets to your liabilities.
I Like Bitcoin, Buy My Fractionally-Reserved Bitcoin
In contrast to the failed history of free fractional reserve banking, as recently as the BlockFi, Celsius, and FTX failures, there is a growing ecosystem of 100% reserve banking and accompanying tools using bitcoin, including cashu, Fedimint, the Lightning Network, and The Liquid Network.
We Need Sound Banking
If the USD-based banking system is to compete in a world with bitcoin, Twitter, and FedNow, we need the option to fully reserve demand deposits.