The Problem
Last updated
Last updated
Most stablecoins offer 0% APY. Without yield, your USD-denominated stablecoin is losing value every day due to inflation.
Most stablecoins (like USDC and Tether) rely on the traditional banking system. This means these stablecoins are dependent on that system to remain:
Operational and solvent
Friendly to crypto
These dependencies have been challenged recently, evidenced by the Silicon Valley Bank crisis which led USDC to trade 12% below peg. Read more .
There is no yield-bearing dollar that is backed by the hardest asset in the world (BTC) and native to the most secure Blockchain (Bitcoin).