Putting aside the gross misrepresentation here of the regulatory requirement to hold cash and cashlike assets (short-term US govt debt, among the safest and most liquid assets out there) as "invest[ing] the money in financial markets, often by buying bonds" -- I find it the height of irony that the NYT says that bank deposits are better than stablecoins because they share *some* (~.01%) interest with depositors, and yet any argument that, perhaps, stablecoin issuers should be permitted to pass on interest to tokenholders is taboo. Can't have it both ways here guys.