Stablecoins were intended to disrupt finance. Instead, they became idle money.
Crypto tried to solve this problem with its own version of yield. We’ve tried staking rewards, mining liquidity, and leveraged DeFi strategies. At first glance, they seemed productive. But too much of that return was circular. This depended on symbolic emissions and new flows, and not on real economic activity. This story is a much […]
Stablecoins were intended to disrupt finance. Instead, they became idle money. Read More »










