A 20% stablecoin APY may be less magical than it sounds

CPF Ordinary Account pays 2.5 per cent, and Singaporeans queue for Treasury bills when yields rise. So when anyone quotes a 20 per cent annual percentage yield on stablecoins, a sensible person should ask one question first: who is paying it, and why? I ask because I once paid for not asking. In 2022, I […] The post A 20% stablecoin APY may be less magical than it sounds appeared first on e27.