BlockBeats News, October 5th, Stripe co-founder Patrick Collison stated in a post that the stablecoin market structure is evolving, and in the future, issuers will have to share yield with others, which is just part of a broader trend where “everyone will have to share yield.”
He pointed out that the average interest rate for U.S. savings deposits is only 0.4%, with around $4 trillion in deposits still earning zero interest; the non-business deposit rate in Europe is only 0.25%. Collison suggested that in the future, depositors should receive a yield closer to the market return and criticized some lobbying groups that have pushed for restrictions on stablecoin yield mechanisms following the GENIUS Act, calling them “excessively hostile to consumers and destined to fail.”
