And while everyone else gets crushed by rates:
WLFI’s USD1 has about $4.43 billion in reserves.
At current government money-market yields, that’s roughly $140–150M a year in potential interest.
The same rate environment punishing borrowers is feeding the President’s family stablecoin business.
@mattpeterson.bsky.socialIf you’re an average college student, the 10-year Treasury hasn’t been this high in your lifetime. It’s at levels not seen since 2002. This is a blow to a generation that is already set to struggle with housing affordability.
