Tether and Circle Are âPrinting Moneyâ But Competition Is Coming: Wormhole Co-Founder
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最新报道：Wormhole co-founder Dan Reecer criticized stablecoin issuers like Tether and Circle for profiting from high-interest rates without sharing yields with holders, calling it "printing money" as Tether reported $4.9 billion in Q2 profit. He noted platforms like M^0 and Agora are emerging to redirect yields to users, while money market funds offer an alternative, though their $7.3 billion market cap pales against the $290 billion stablecoin sector. Tether defended USDT as a "digital dollar" vital in emerging markets, not an investment, and warned yield-sharing alters regulatory risks, as industry figures highlight stablecoins' evolution toward cross-border payments and tokenized collateral.
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