OCC Proposed Rule: Stablecoin Yield War, Bank Backlash, Trump Saves Crypto
Episode description
The OCC GENIUS Act proposed rule just changed the stablecoin game. But here is the real shock: even if stablecoin yield survives, most new issuers still cannot beat USDT or USDC.
00:00 The OCC stablecoin rule changes everything
00:38 The real thesis: stablecoins can grow, but lazy distribution is over
01:12 What the OCC actually proposed
02:20 The yield line: what the OCC is trying to stop
03:35 Affiliate and third-party workarounds
04:28 Why this became a banking and political fight
05:40 The stablecoin scoreboard: USDT, USDC, and the cliff
07:00 Why most new issuers still cannot win
08:20 Yield allowed vs yield constrained: incumbents win both ways
09:35 Safety as distribution. If $1 is not safe, it is $0
10:45 Why auditable privacy matters for serious capital
11:45 How distribution is actually won without passive yield
13:00 Where EternaX fits in the next market structure
14:10 Final takeaway: utility vs irrelevance
