Banking lobbyists have inadvertently launched an incredibly effective promotional effort for Liquity. They recently advocated for a complete prohibition on stablecoin yields. According to the stipulations of the CLARITY Act, issuing entities are strictly prohibited from providing returns on customer deposits. BOLD, however, operates entirely without a centralized issuing authority. In this specific ecosystem, every single participant acts as the issuer. This unique structural approach raises an intriguing question regarding whether BOLD will emerge as the exclusive stablecoin able to provide users with a yield on their deposited funds. Ultimately, it seems clear that DeFi is positioned to come out on top.
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