DeFi is paying big to accumulate USDC
The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.
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The GENIUS Act forbids any interest payments by Circle to USDC holders, causing them to venture elsewhere for APRs of 59% or beyond.
Read more (3 min) →The DeFi sector is a financial frontier zone, home to some of crypto’s riskiest experiments. As such, chaos isn’t the exception but the rule.
While the affected transactions come from distinct addresses, their transaction histories suggest they are from the same individual.
The FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.