Recently, there has been a tightening of regulations regarding yield programs that pay interest in the stablecoin world. We can even say that regulators have started to pay attention to the passive income in each of our wallets.

Actually, from their perspective, they are arguing that this is for 'security'. The interest paid from stablecoins is akin to banking, and regulations like MiCA (Europe) are becoming increasingly restrictive, claiming there is no protection. However, from our perspective as users, it truly feels like the freedom of Web3, where we have the right to manage our own money as we please, is being threatened.

However, there is one thing. These kinds of crackdowns may be troublesome in the short term, but in the long term, they are heading towards a more robust system. The era where one could simply invest with a sense of security by looking at a single interest rate (Yield) is over. We have now reached the era of 'Real Business' where we need to consider whether it complies with laws and regulations.

Especially in our SEA region, this wave is going to hit soon. We can see that big platforms like Binance are trying their best to operate within the legal framework. As users, we will need to pay more attention to how secure we feel about our assets rather than just the interest rates.

I see... These kinds of restrictions are making the crypto world more mature. How do you guys see it? Are you worried about the disappearance of stablecoin yields?