CoinDesk••1 min read
Stablecoin 'Arms Race' Benefits Customers, But May Not Last: Report
The Signal TakeNeutral
According to a report on CoinDesk, customers are currently benefiting from the competition among global stablecoins. However, Ron Tarter, CEO of MNEE, suggests that these high Annual Percentage Yields (APYs) should not be considered the new standard. Tarter characterizes the current high APYs as a promotional phase for stablecoins, implying that these rates are unlikely to be sustainable in the long term. The report advises caution against expecting these benefits to continue indefinitely as the stablecoin market matures.
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