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Why Do Stablecoins Offer Such High Rates of Interest?
If you’re a finance nerd, the Coinbase-SEC kerfuffle this week about regulations and what constitutes a security is an interesting story. I myself am a finance nerd so I read Matt Levine and the Brian Armstrong tweet thread but I know most people don’t really care about the intricacies of financial regulation. Most people care about how Coinbase can possibly pay 4% on crypto deposits in a world where the average bank savings account pays 0.1%. Britney Spears has been under conservatorship (#FreeBritney) for longer than crypto has existed. It makes sense if you remain confused or ill-informed about the workings of ... (full story)
