Been thinking about the new US stablecoin frameworks. If banks can issue stablecoins at scale but can’t pass yield, you basically get a huge pool of tokenized dollars with structurally 0% on the surface. In that world the interesting play isn’t “the next stablecoin”, but the layer that routes yield around the issuer. @multiplifi with rwaUSD is one of the few trying to build exactly that.(𝗰𝘆𝗰𝗹𝗼𝗽)