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The Stablecoin Monetization Gap: How Issuers Make Money When They Can’t Pay Interest

There is a strangely elegant contradiction at the center of the stablecoin industry: the companies that issue digital dollars are among the largest holders of US government debt in the world, yet the law now explicitly forbids them from sharing any of the interest that debt generates with the people actually holding the tokens.

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The Stablecoin Monetization Gap: How Issuers Make Money When They Can’t Pay Interest

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