DeFiWarhol

Stablecoin supply has fallen around 6% from its May peak, and weaker yields appear to be one factor.
→ Ethena’s sUSDe yield dropped as perpetual funding rates cooled.
→ Sky cut its savings rate from 6.5% to around 3.6%.
Meanwhile, tokenized US Treasuries have grown to around $16B. They typically earn 3–4% from short-term government debt, offering a more predictable return that isn’t tied to leveraged crypto activity.
So I don’t think this proves that people are simply rotating out of stablecoins and into safer assets.
But it does raise a fair question around if predictable Treasury-backed retu

BREAKING: AOC and Vitalik Buterin are reportedly dating.

Visa and Mastercard crypto neobanks might be cooked in Europe.
The EU is connecting its largest domestic payment systems into one interoperable network covering 130 million people across 13 countries.
A Wero user in France could send money directly to a Bizum user in Spain as easily as sending a text.
The biggest advantage of crypto neobanks is to make crypto spendable everywhere.
BUT, if European users are able to move money instantly across borders and eventually pay merchants directly from their bank accounts, the crypto becomes less valuable in this equation.
Why hold USDC, pay conversion