JPMD on base pays 4-5% interest to corporate treasuries. USDC pays 0%. GENIUS Act lets JPMorgan run fractional reserves on deposit tokens while forcing Circle into 100% collateralization. same chain, completely different regulatory treatment. circle's entire institutional pitch just got arbitraged by a bank charter ...

🚨BULLISH: STABLECOINS ARE SAFER THAN BANK ACCOUNTSIn a recent interview, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, explained why stablecoins like $USDC and $USDT are much safer than traditional banks accounts.Ultimately, the likes of @Tether and @Circle must back stablecoins with 100% reserves like USD and T-Bills.On the other hand, traditional banks operate 'fractional reserves' where vast amounts of user funds are lent out to other parties to generate interest.This creates ...