USDC (USDC)

🚨UPDATE: TRUMP WILL SIGN THE ANTI-CBDC BILL INTO LAW TODAY

The White House says President Trump will sign the 21st Century ROAD to Housing Act on Wednesday at 12PM ET on Capitol Hill.

The bill includes a major CBDC ban, blocking the Federal Reserve from launching a digital dollar until 2030.

Nium Partnered with Coinbase to Make Stablecoin Payments Global! Here's Why...

WATCH ▶️ https://t.co/HTbPu4HDWk

Santhosh Srinivasan, VP of Treasury at Nium, joined us to discuss the firm’s partnership with Coinbase to enable USDC payments for banks, fintechs, and enterprises worldwide.

Topics:
- Nium's partnership with Coinbase and Circle and enabling stablecoin payments
- The future of payments with stablecoins and tokenized deposits
- Institutions adopting stablecoins and crypto

#stablecoins #payments #coinbase

Stablecoin yields are still surprisingly high.

I spent some time digging into a few of the larger opportunities and found that they're earning yield in very different ways.

Some are taking Treasury exposure, some are running basis trades, and some are relying on market-neutral trading strategies.

Here are 3 stablecoin products paying roughly 8-12% APY and the tradeoffs behind each:

#1 - Fluid Lite Vault (Ethereum) ~8% to 9% APY

Deposit USDC and it earns off looped yield-bearing stables. Lowest risk of the three, and the one I worry about least.

About 70% of it sits in sUSDai, which is the part to actually pay attention to. That's earning from US Treasuries plus interest from AI companies borrowing to buy GPUs. Yeah, you read that right. The whole yield lives or dies on AI demand holding up.

There's also a 0.05% withdrawal fee, and during that KelpDAO liquidity mess, instant withdrawals just stopped working, fee or not.

#2 - mHYPER (Ethereum) ~9.5% to 12% APY

Run by Hyperithm, a licensed shop out of Tokyo and Seoul. Yield comes from looping stables, basis trades, and lending.

The book's smaller here (~$120M), so it's less battle-tested than the big curators like Gauntlet. And it did get caught in the Stream Finance blowup. The team pulled the bad positions and isolated the vaults, but I'll be honest, that fix is recent enough that I'm still watching it closely.

Use the normal redemption (1 to 3 days) to skip the 0.5% instant fee. And heads up, there's a 20% performance fee on the yield too.

#3 - sUSDu by Unitas (Solana or BNB) ~9.5% to 10% APY

This one's the most transparent of the three. Proof of reserves across Primus, DeFiLlama, and Dune, weekly audits, backing sitting above 100%. If transparency is what helps you sleep, it's this one.

Yield comes from a basket of market-neutral strategies, funding rates, lending, trading fees, JLP capture. Basically a synthetic dollar.

The catch here is liquidity. There's a 7-day cooldown after you unstake, and your funds stop earning the whole time.

So only park money here you can leave alone for a week or two.

None of this is set and forget though. Yields drift, withdrawal terms can bite at the worst possible moment, and liquidity disappears fast when things get hairy (see KelpDAO).

That 8-12% is the pay for everything I just walked you through.

What are you farming while you wait?