So, banks get to share in treasury yield from stable coins? TFTC (nprofile…kxcv) MartyBent (nprofile…l2yj) ODELL (nprofile…zx3h) preston (nprofile…5gu2) LynAlden (nprofile…u7e3)
The WSJ article, https://www.wsj.com/finance/currencies/stablecoin-crypto-fiserv-smaller-banks-aa9049ea, noted that Fiserv (FI) will offer a stable coin FIUSD "...Fiserv plans to launch a stablecoin and platform that could be used by its clients, which include roughly 3,000 regional and community banks, executives told The Wall Street Journal . The platform is expected to be compatible with other stablecoins and allow for easy connection with...." and "...Fiserv said it would allow its bank clients to implement its stablecoin technology at no additional cost. But it will demand transaction fees and part of the yield earned through reserve investments such as Treasurys"
So, the banks get to use a coin issued by Fiserv and earn part of its yield but won't allow its customers to share in the yield according to preliminary bill H.R.2392 - 119th Congress (2025-2026): STABLE Act of 2025. Section 2, Paragraph (8): "(8) PROHIBITION ON YIELD.—A permitted payment stablecoin issuer may not pay interest or yield to holders of its payment stablecoins?"
I heard companies are planning to issue their own stable coins as well (DJT created USD1) so it seems we'll have these things everywhere and all the issuers will be hoarding the yield amongst themselves from US treasuries.
I guess all the US and world banks will become exchanges and hold so called "stable" coins as well as Bitcoin. It seems we're going back to the goldsmith days where the banks hold our gold and issue the paper and promise that they won't loan more out than our gold or in this case Bitcoin holdings allow? I guess this is the BlockFi model but for all US Banks who will probably start to leak some of the yield to end customers to keep them with them?
It's going to be a wild ride and difficult to convince the masses that they won't want to store their Bitcoin with banks. I can foresee all sorts of take overs of Bitcoin bank holdings in the future. Making cold storage easy and easily transferable will no doubt continue to be imperative.
DontSayCantAskHow
npub17m…3juj6
2025-06-23 12:34:53
Author Public Key
npub17mw0h00vw2u8ug4x4ttnpeefhn3r04xh58cyqtewurglffpvuewsc3juj6Published at
2025-06-23 12:34:53Event JSON
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"content": "So, banks get to share in treasury yield from stable coins? nostr:nprofile1qyf8wumn8ghj7cnfw3ehgctrdvhxzursqy28wumn8ghj7cnvv9ehgu3wvcmh5tnc09aqqgy9hk6cwhs38hxfjjvtgarrv3ycsthptgw8s922kp7qvk68xwwkwg05kxcv nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvsqzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq76kl2yj nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcp2amhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33wv6hjufkwaskgamj0pjx2drvdpn8xdfkvahrvdrgwaa826rwvesnvu3ed44rgdekwg6hxdrgdd6ku7n80fchyuekwymh5qpqs5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqjx5gu2 nostr:nprofile1qy2hwumn8ghj7mn0wd68ytndv9kxjm3wdahxcqg5waehxw309ahx7um5wfekzarkvyhxuet5qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncdhu7e3 \n\nThe WSJ article, https://www.wsj.com/finance/currencies/stablecoin-crypto-fiserv-smaller-banks-aa9049ea, noted that Fiserv (FI) will offer a stable coin FIUSD \"...Fiserv plans to launch a stablecoin and platform that could be used by its clients, which include roughly 3,000 regional and community banks, executives told The Wall Street Journal . The platform is expected to be compatible with other stablecoins and allow for easy connection with....\" and \"...Fiserv said it would allow its bank clients to implement its stablecoin technology at no additional cost. But it will demand transaction fees and part of the yield earned through reserve investments such as Treasurys\"\n\nSo, the banks get to use a coin issued by Fiserv and earn part of its yield but won't allow its customers to share in the yield according to preliminary bill H.R.2392 - 119th Congress (2025-2026): STABLE Act of 2025. Section 2, Paragraph (8): \"(8) PROHIBITION ON YIELD.—A permitted payment stablecoin issuer may not pay interest or yield to holders of its payment stablecoins?\"\n\nI heard companies are planning to issue their own stable coins as well (DJT created USD1) so it seems we'll have these things everywhere and all the issuers will be hoarding the yield amongst themselves from US treasuries.\n\nI guess all the US and world banks will become exchanges and hold so called \"stable\" coins as well as Bitcoin. It seems we're going back to the goldsmith days where the banks hold our gold and issue the paper and promise that they won't loan more out than our gold or in this case Bitcoin holdings allow? I guess this is the BlockFi model but for all US Banks who will probably start to leak some of the yield to end customers to keep them with them?\n\nIt's going to be a wild ride and difficult to convince the masses that they won't want to store their Bitcoin with banks. I can foresee all sorts of take overs of Bitcoin bank holdings in the future. Making cold storage easy and easily transferable will no doubt continue to be imperative.",
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