BANKS ARE FREAKING OUT OVER STABLECOIN YIELDS 😱
Paul Barron translates the JP Morgan earnings call with Matt Hougan of Bitwise.
The core of the issue isn't just competition; it's a fundamental threat to how banks make money. 🏦
💰 The Math: If a consumer can move their money from a bank account paying 0.1% to a digital dollar (stablecoin) paying 4%, they will.