Total market cap of yield stablecoins reached $20.5B, up 2.5x YoY.

Largest YoY market cap growth:

1. $SKY $sUSDS: +$1.9B

2. $SYRUP $syrupUSDC: +$1.54B

3. $BUIDL: +$1.46B

4. $USYC: +$930M

5. $USTB: +$872M

OCC wants to ban yield on regulated stablecoins.

> Dimon says if you pay interest, get regulated like a bank
> Trump publicly sided with crypto

This sounds like political noise. It isn't. YBS are the only real threat to bank deposits right now.

Every person in that room knows exactly what's at stake.