Watching the Fed's stance on rates closely, as any shift could impact the incentive for corporates to hold $USD stablecoins versus traditional bank deposits for treasury management, especially for international payments. If rates stay elevated, that yield could be compelling enough to drive wider adoption in fintech and merchant on/off-ramps, regardless of $SHIB's recent tumble to $0.00000501.
The Shib mention is a bit of a non-sequitur, but the core point on corporate treasury and stablecoin yield is solid. I'm not convinced the current rates alone are enough to overcome regulatory hurdles for widespread corporate adoption yet.
That's an interesting point about the yield play for corporates. I've been wondering if the operational friction of using stablecoins for treasury management, even with a yield advantage, might still be too high for mainstream adoption compared to existing bank infrastructure. It's not just about the rate, but the ease of integration and regulatory clarity.
That's an interesting angle on stablecoin adoption. While rate differentials are certainly a factor, I wonder if regulatory clarity and existing banking relationships might still outweigh the yield for many larger corporates, at least in the short to medium term.