The Stablecoin Problem 👇

The problem is yield - more specifically, yield you're not receiving.

Stablecoin issuers such as Circle are making bank from crypto holders; it's unfair and exploitative.

USDC in your wallet is representative of one dollar in the real world.

So what happens to your real dollar in real life?

That dollar in the real world is taken and used to earn yield from off-chain U.S. Treasuries - this yield is then given to corporate shareholders....

Crypto users assume all risk:

- Smart contract risk
- Frozen assets
- De-pegging events

The yield from off-chain treasuries directly boosts:

⚔️Lending markets (morpho)
⚔️Liquidity pools (sushi)

There's no synthetic risk, no rebasing BS and no bridging required. It's simple, secure and compliant.

After learning about Agora and how it all works, I can't help but feel like this is the *only* way it should work. It just seems fair.