Chris Peng
3.7K posts



Why are we wasting time with a new stablecoin yield proposal? There is already a path to provide yield on Digtial Assets by becoming a bank (an insured depository institution, IDI) and having the required safety and soundness standards to take people's money and invest it to drive yield. Trust Banks shouldn't be able to offer yield on ANY asset. Please do not lower the standard from having to be an IDI to be able to provide yield on any assset. The current mark-up works for everyone except a few. If those "few" want to offer yield on digital assets like stablecoins they should apply for a Bank IDI license not ask the Senate to lower the standard to safeguard the American people's money. @SenatorTimScott @SenLummis @SenThomTillis @SenateGOP @SenateBanking @patrickjwitt


Holy sh*t Current $SoFi stablecoin clients: Cumberland Bullish BitGo B2C2 Fireblocks Wintermute Galaxy Jupiter Mesh Payments Mastercard

News: Crypto and banking industry reps are set to review a revised stablecoin yield proposal crafted by Sens. Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) Meetings starting as soon as today subscriber.politicopro.com/article/2026/0…





















