BANKS ARE FREAKING OUT OVER STABLECOIN YIELDS 😱
Paul Barron translates the JP Morgan earnings call with Matt Hougan of Bitwise.
The core of the issue isn't just competition; it's a fundamental threat to how banks make money. 🏦
💸 The Math: If a consumer can move their money from a bank account paying 0.1% to a digital dollar (stablecoin) paying 4%, they will.
📊 The Scale: The U.S. Treasury and banking groups estimate that widespread adoption could drain up to $6.6 trillion from the traditional banking system. This is a "nightmare scenario" for banks because it creates a massive funding hole.
📝 The GENIUS Act Loophole: Banks are furious because crypto exchanges (like @coinbase) and other third parties are still paying "rewards" to users who hold stablecoins. Banks argue these "rewards" are just interest by another name, allowing crypto to bypass the rules banks have to follow.
Pay me once a month, treat us like shit pay us for 40 hrs but ask us to work 44, now they want us to work 60 hours a week and pay us for 40, oh and to work 10 days straight leading to Xmas and 1 day off, WTF has Walgreens come to, is this even LEGAL
Hurry up $XRP, $VET, $ONDO
@puremurkage@andreijikh You lost me with this BS 🤥 how about you tell the real reason you dnt want to see $XRP up like all the other $BTC maxis lol give me that answer!!!!
I know people are VERY opinionated about this but I’ve been following XRP since 2014 and I still have not found the answers to these questions. Genuinely looking for thoughtful responses:
- Ripple has 300+ bank partnerships, but after 13 years, shouldn't there be billions in daily on-chain volume?
- If XRP is volatile, why use it over stablecoins for transfers?
- If volatility is not an issue because it’s a bridge currency, what is the incentive to hold it?
- Are bridge currencies still necessary when stablecoins will cover most pairs in the future?
- Why would giants like BlackRock use XRPL for tokenization instead of building their own blockchain? (Robinhood uses Arbitrum and plans their own)
- Geopolitical risk. Why would foreign countries trust a US based private company payment network?
Next Poll:
You are invited to a high stakes poker game (tourney or cash), -$10mill pot!
One table is made up of 7 XRP maxis and an empty seat and the other is made up of BTC maxis, and an empty chair;
Which table offers you the great opportunity to win 100 Btc?
🚨SCOOP: Grayscale to launch first US XRP trust, paving way for potential ETF
@Grayscale is announcing the launch of the U.S.’s first XRP Trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to $XRP.
https://t.co/fjUdyAd7Nn
🚨: India Becomes First Nation to Buy Oil Using #XRP thru Ripple Labs!
This indicates the potential for unprecedented market activity on the XRPL!! With defi tokens poised to drive substantial market caps!!
The leading defi token on XRPL with a substantial passive income structure, @TokenCTF, and one of the few structures that rivals Mastercard's 'cash-back' program!!
Remember, the lowest defi token supply is CTF token, with 120 million tokens!! This means that with just a $20 billion market cap, $1 worth of CTF token today could be worth $748.50 each!!
CTF token is a gold mine!!! Make sure to do your research, because if you don't, you'll have no one to blame but yourself!!
Check out the CTF token trading link on XRPL: https://t.co/gNfKNMr26s
Website: https://t.co/bemfpru3I7.
DYOR.
And just when you think the SEC can’t sink any lower, if you are a financial regulator outside the U.S. and have done the hard work of establishing comprehensive crypto licensing frameworks, know that the SEC has no respect for you and thinks you are handing out the equivalent of fishing licenses. 2/2
Same ppl saying #XRP can’t/wont reach $25-$35 once told us #BTC couldn’t hit $100, $1,000, now they tell us #ETH can hit $10k and more and ya MF’s sell, look at what XRP MC would be if it hit $25😉 yeah keep listening to them Birds!
🚨MASSIVE DISCOVERY: THE FOUNDER OF #ETHEREUM (VITALIK) COORDINATED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION TO PAY THEM IN EXCHANGE FOR DE-LISTING #XRP AND LABELING IT A SECURITY 1/2.
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