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 FDIC has taken over two banks at which Circle held billions of dollars worth of backing for DeFi’s most popular denominator.