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Stock impact report

$350 billion in stablecoins earn nothing for holders. OpenEden wants to change that. [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
The interest goes to the issuers. Jeremy Ng, co-founder of OpenEden, thinks that's a problem with a clear fix. Tether and Circle keep all the interest ," Ng told TheStreet Roundtable in a recent interview. " By allowing (stablecoin holders) to move into a free-flowing, risk-free yield in a very composable and high utility manner, I think that makes a lot of sense Related: JPMorgan identifies the lone buyer saving crypto flows Returning yield to holders OpenEden's answer is a tokenized money market fund, one of the most straightforward products in traditional finance brought on-chain. Ng's case for why money market funds specifically are the right starting point comes down to fundamentals. It is the most liquid instrument in the whole world, and by default it is risk-free ," he said. " And you don't have that on-chain The yield isn't some DeFi -native rate propped up by token incentives, either. OpenEden is tokenizing the actual underlying product, managed by Bank of New Show less Read more
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