Post #2383

Whenever a platform offers 14% on USDT, the first thing worth asking is where the yield is actually coming from. Most sustainable stablecoin yield today comes from basis trades, market-making, Treasury exposure, or leveraged lending demand, and each carries a very different risk profile. The spread between Coinhold and broader CeFi or DeFi rates suggests the market is still underpricing how important transparency and counterparty structure really are.