X @Token Terminal @ TOKEN2049 🇸🇬

a great opportunity for a revenue-wise diversified fintech like @RobinhoodApp that can afford to treat the stablecoin as a market share driver vs. profit engineBrad Gerstner (@altcap):@patrickc I share your consumer views. But math is damn near impossible for traditional banks. Assuming deposit rate goes up 1%, net interest income (NII) would shrink 30% (NII today is 3.3%), bank rev would shrink 20% (NII is 70% rev) - wiping out all the net profit of US banks today. ...