Billions of dollars in $USDC and Tether are sitting idly in the coffers of major crypto projects. Right now the only people who are benefiting from yield generated by that parked cash are $USDC and Tether themselves. But issuing a bespoke fiat backed stablecoin is no longer a heavy lift, so you might be left wondering: Why don't these orgs issue their own stablecoins and earn that sweet sweet fiat yield? These organizations like the idea of creating their own stablecoin and earning yield on t...

Billions of dollars in $USDC and Tether are sitting idly in the coffers of major crypto projects. Right now the only people who are benefiting from yield generated by that parked cash are $USDC and Tether themselves. But issuing a bespoke fiat backed stablecoin is no longer a heavy lift, so you might be left wondering: Why don't these orgs issue their own stablecoins and earn that sweet sweet fiat yield? These organizations like the idea of creating their own stablecoin and earning yield on t...