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🛌 The End of the Era of "Lazy Capital": Why the Next Generation of Stablecoins Will Pay for the Assets You Hold
@USDD - Decentralized USD
Let's talk about the "unspoken secret" in the traditional stablecoin business model.
For the past decade, the trading model has been very simple: you hand over the hard-earned dollars to the company, and they give you a digital token, then they use your dollars to buy U.S. Treasury bonds. They earn 4-5% interest on your funds, while you get... zero.
You get "stability", that's true. But in an era of high inflation, zero-yield assets are actually depreciating every day. This is what economists refer to as "lazy capital."
The economic turning point of 2025
Let's talk about the "unspoken secret" in the traditional stablecoin business model.
For the past decade, the trading model has been very simple: you hand over the hard-earned dollars to the company, and they give you a digital token, then they use your dollars to buy U.S. Treasury bonds. They earn 4-5% interest on your funds, while you get... zero.
You get "stability", that's true. But in an era of high inflation, zero-yield assets are actually depreciating every day. This is what economists refer to as "lazy capital."
The economic turning point of 2025
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