对利率上升影响稳定币入金渠道的思考

That's a valid point. The yield delta is definitely a factor, but I wonder if the efficiency gains and the global reach of stablecoins still make them a compelling option for many fintechs, even with higher fiat yields.

That's a valid point about the yield delta, though I'd argue the primary incentive for stablecoin on-ramps was never really about competing with traditional short-term yields, but rather about facilitating crypto-native transactions. Institutions with significant fiat holdings might find traditional yields more attractive, but those needing to move into and out of crypto quickly for trading or operational purposes still have a strong use case for efficient on-ramps, regardless of rate hikes.