Wormhole Co-founder: Tether and Circle Profit from High Interest Rate Environment, but Stablecoin Holders Struggle to See Returns

Golden Finance reports that Wormhole co-founder Dan Reecer criticized stablecoin giants Tether and Circle in a recent interview, stating that these two companies are profiting from the current high interest rate environment while stablecoin holders are seeing no returns. Tether and Circle support their stablecoins by holding high-yield U.S. Treasury bonds, but they do not share the earnings directly with users, as doing so might provoke regulatory discontent.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-7dfd05b7vip
· 3h ago
As the Mid-Autumn Festival and International Double Festival arrive! Leave your ID! Randomly select 3 buddies! Random Airdrop merchandise! Draw on Monday! #成长值抽奖赢iPhone17和周边##GateLayer正式上线##BTC走势分析#
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)