It's good to know I live rent free in Marc's head now. I didn't write the GENIUS act but it effectively bans stablecoins that aren't backed by $ in a US bank. Aave actually might have legal help (I'd guess) so you will probably see them wind down GHO in short order. 🫡

Also from a pure business standpoint a stablecoin that can only hold peg if you have to pay people more of that stablecoin to hold it in their wallet is such a ridiculously bad business model I can't even begin... Renting TVL in your own about to be illegal stablecoin...🤡

lol, lmao even - down 0.2% in the last 30 days