"This will probably work for them and will probably reduce the dependency of the banks on stablecoins. But it's not gonna stop stablecoins at all. It's not gonna stop stablecoin yields at all" "First of all, this is not an offensive. This is a defensive. And this doesn't replace stablecoins. It replaces the plumbing" "It's basically them saying, your deposits that earn 0% yield will now earn 0% yield on a faster network for us to move money around. It's absolutely absurd" "But clearly the biggest players up in the game right now in this game we call finance are trying to compete with stablecoins"
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