USDC Yield to Boost Cooperate Earnings
Apple now has $195.57 billion in cash on hand and crypto could help boost that 7% annually! Why would you want to get park all that money in Treasury bills when you could earn more than 10 times the return in USDC?
Stablecoins such as USDC are gaining increased attention because of their ability to maintain their pegs during the wild crypto price movements. Many crypto investors are parking their gains in these coins and collecting some apr waiting for the selling to stop.
This use case presents opportunity for cooperations. John Griffin, professor of finance at the University of Texas at Austin says ut perfectly.
“If companies wish to put their corporate reserves into a stablecoin and that is fully audited, it is like putting their money in a bank account which is what they normally do,” John Griffin, professor of finance at the University of Texas at Austin, said in an email. “However, if the account is paying out a higher yield than bank account yields, then it is not merely invested in some risk-free asset.” source
I think the individual investor could do the same thing. We all have our money sitting in traditional banking accounts that are loosing value due to inflation. If you want to earn some yield you need to lock up your money in CDs which offer practically nothing. I think each of use need to take a real hard look and see if stable coins and high yielding farming could boost your savings. Coinbase's APY for USDC Rewards is 0.15% which is very low and you could branch out to pull way higher yields in USDC lending on a variety of sites.
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