Everyone on this board seems super bullish about the GENIUS act, which I get because it would dispel the tether fud and similar concerns once and for all, but the fact that it prevents stablecoin issuers from paying yield to holders seems pretty fucked up. Right now, when I sell I usually just keep my stables on the exchange and either stake them or passively collect yield while I wait for a reentry. If I couldn’t do this and wanted to generate interest on my cash I’d have to move it off the exchange and into treasury bonds or a HYSA until I’m ready to deploy it which is a huge pain in the ass AND puts me back into tradfi which sort of defeats the point. What do you guys think? I feel like this is a total capitulation to banks and potentially a sleeping giant because it disincentivizes people to hd stables for more than a month or so at a time.

tokenized treasuries obviously
they want you holding the bonds, that's why they did that

>>60491908
I don’t really care as long as I can get my yield but it’s still pretty slimy of them.

>>60491828 (OP)
have you heard of defi? just use aave or other yield bearing tokens lmao

>>60491828 (OP)
You are able to lend USDC on morpho for about 8%

>>60492311
This seems higher risk than just getting paid out by the exchange but I have considered it for the next bear market. Might dip my toe in once I start selling.

>>60493411
I trust them more because bitcoin loans on coinbase are powered by morpho. Pretty safe imho

>>60492311
And aave at 10

>>60493441
Aave is good too. Im stuck on compound for now

>>60491828 (OP)
Well if you use DEXs you can still provide liquidity for stablecoin pairs and generate yield that way.
USDC to USDT pool on Meteora yields around 2.92% APR

Honestly this just speeds up the bifurcation. You’ve got “regulated” stables for compliance cucks and then real yield-chasing degenerates in the underbelly doing things on Morpho/Aave/Radiant.
Personally I park half in yield protocols and rotate into stuff like KaKa during low-volatility stretches. Easy multipliers if you’re not a brainlet.
We’re basically back to 2019 but with better UI and bigger bags.