Post
Topic
Board Economics
Re: USDC and Banking
by
hugeblack
on 19/05/2022, 10:07:17 UTC
it is a good question, how can they sustain the APY offered to their customers?
If they continue to make profits, they will not have a problem because more hot money will flow in and those will remain for a long time, but when problems occur then we will see how strong their financial position is and how well their cash management is.
Therefore, even 8% is not considered high if you compare it to rates, for example, 10% in Binance and others, but the main difference is the degree of solidity of those who print these coins.