Should @MoonwellDeFi create our own GENIUS and MiCA compliant USD-backed stablecoin, $MWUSD? Benefits: 🏦 Compliant with regulations, backed by T-bills in a US bank 💰 Moonwell protocol earns ~4% (short term treasury rates) on circulating supply 💸 Instantly redeemable for USDC

Other benefits: 🏦 Could be borrowed or loaned on @MoonwellDeFi and @MorphoLabs vaults and markets 🧑‍💻 We could set this up in a short amount of time with the strong @Stablecoin partnership Downsides: ❌ Can't be minted with Moonwell collateral backing because the GENIUS act requires full 1:1 dollar-equivalent backing custody at a US bank.