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Regulatory Licenses, Registrations, and Approvals

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

2025-09-28 12:16:18

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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A10UWarGod

· 2025-09-29 04:10

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#

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