fantastic take!
great silver lining!
US banks lobbying to block stablecoin issuers from paying interest is actually a blessing.
If Circle or Tether could pass through the yield, most people would just park money with them and stop there.
Because they cannot, users are forced to move out on the risk curve and earn yield in DeFi.
That flow builds Aave, Maker, Fluid, Curve, and every protocol that captures stablecoin demand.
It grows revenue for DeFi tokens and strengthens the same ecosystem banks want to suppress.
The more user-friendly fiat on/off ramps we get (like this Aave app) the faster this shift happens.
In the end, the ban banks want only pushes people deeper into crypto.
Bullish.
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