@parsam.eth
Regulation doesn’t always ban — sometimes it quietly reshapes incentives.
Coinbase’s warning highlights how U.S. policy could change the economics of stablecoins.
- U.S. may restrict interest on stablecoins
- Yield-bearing stables under pressure
- Issuers’ business models at risk
- Capital efficiency likely declines
- Offshore alternatives gain appeal
Do these rules protect users — or push innovation elsewhere? 🤔
Short term: sentiment hit for DeFi and stables.
Long term: liquidity migrates, not disappears. Markets adapt.
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