Coin World News: JPMorgan Chase said that the cooperation between Hyperliquid, Circle, and Coinbase has created a prisoner’s dilemma, putting pressure on yields from dollar-pegged stablecoins.

HYPE3.66%
CRCLG0.70%
CRCLX0.74%
COING3.88%
COINON3.58%
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OffshoreWindOrder
· 9h ago
This analysis is kind of interesting, but the real moat of stablecoins is compliance and liquidity, not that little bit of APY.
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SlippageSiren
· 9h ago
JPMorgan is at it again, pontificating over the world as usual—traditional finance always looks at DeFi through a game theory lens.
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SlippageSkeptic
· 9h ago
Circle and Coinbase teaming up puts Hyperliquid in a tough spot, and the yield competition is actually a good thing for users.
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OldKeys,NewWorld
· 9h ago
The term “prisoner’s dilemma” is used quite heavily here, but wasn’t the competition in the stablecoin yield space supposed to have been expected long ago?
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