The markup isn’t a bill yet, but it’s already upsetting people because banks want to block yield on stablecoins…I get it. That doesn’t stop onchain finance. It accelerates it. When yield is constrained inside the banking sector, value shifts to transactions, FX, spend, and credit. It’s happening in real time with the growth of stables and neobanks. Onchain consumer and corporate finance win because of usage, not idle stablecoin balances. When privacy is integrated the puzzle is almost complete. It’s easy to be negative but look at the other side. avici coded.(CryptoISO)