· 供应链分析
涉及标的： $SOFI
这是 Genius 上 Clarity Act 扩展带来的稳定币相关收益。这是银行的“毒丸计划”，因为它从法律上禁止了任何竞争。这意味着将 USDC 存入稳定币新银行（Stablecoin neobank）-> 公司提供的 3-5% 收益被禁止。如果稳定币本身以及新银行/交易所/金融科技都没有收益，可能会导致 USDC 存款外流并耗尽市场流动性。银行支票账户平均利率约为 0.39%。正如你提到的，像 $SOFI 这样的新金融科技是例外。银行提供“高收益储蓄”，但很多时候，他们隐藏条款，6 个月后降低利率 -> 降至 0.1% 并迫使你开设新账户。如果其他银行/交易所等提供真正的百分之几的 USDC 存款国债利率并保持恒定，将颠覆银行现有的低/零费用支票账户模式。消费者没有获得真正的利率，所有利润都流向了银行。
This is stablecoin related yield with the Clarity Act expansion on Genius. This is the Bank's poison pill as it just legally bans any competition. Meaning depositing USDC into a Stablecoin neobank -> the company giving 3-5% yield off that is banned. Having no yield from both the stablecoin itself + neobanks/exchanges/fintechs would likely cause a deposit flight out of USDC and drain liquidity from the market. Bank checking accounts are in average are ~.39%. There are exceptions with new fintechs like $SOFI as you mentioned. Banks offer "high yield savings" but a lot of times, they hide hidden clauses where they lower those after 6 months -> goes to 0.1% and make you open new accounts. If every other Bank/Exchange or others offered true few percent treasury rates from USDC deposits and made it constant, it would disrupt the low/zero fee checking account models banks have. Consumers aren't getting true rates, and any profits just go to banks.