circle built the stablecoin, genius act bars it from paying yield on it, and the workaround everyone is now stacking routes the reserve revenue to coinbase custody instead of circle. USDe went 0 to 323m in 4 weeks as the collateral under both robinhood and coinbase earn. circle is cut out of yield economics on its own asset while mizuho tags it underperform. july 18 rules decide if the loop survives ...

Updated fee structure on Bybit:• USDC ↔ USDe: 1 ↔ 1 with 0 service fees• Internal processing gas may apply per transactionFrictionless access to USDe yield, simplified. Instant liquidity. No lockup. Dynamic APR on holdings.Mint Now 👇https://t.co/6rjQWzd4gf ...

We're excited to announce that USDe minting and redemption with USDC is now completely free on Bybit.Building on @ethena_labs' updated fee schedule, Bybit continues to lead as the only major exchange offering open access to USDe direct mint & redeem for all verified users removing any need to interact with DeFi & accessible entirely within Bybit via the UI or API. ...