By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini (who then loan them into the stablecoin market) in the chase for 4% to 8% yields. www.coindesk.com
By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini (who then loan them into the stablecoin market) in the chase for 4% to 8% yields.
www.coindesk.com