Gate App Options Now Live! Test and Win Big
📅 Event Period: September 30, 2025 – October 17, 2025
- Submit valid feedback to receive 10–100 USDT.
- Complete at least 10,000 USDT in cumulative options trading volume to participate.
👉 Register now :https://www.gate.com/campaigns/2063
Details: https://www.gate.com/zh-tw/announcements/article/47455
Wormhole Co-founder: Tether and Circle Profit from High Interest Rate Environment, but Stablecoin Holders Struggle to See Returns
Golden Finance reports that Wormhole co-founder Dan Reecer criticized stablecoin giants Tether and Circle in a recent interview, stating that these two companies are profiting from the current high interest rate environment while stablecoin holders are seeing no returns. Tether and Circle support their stablecoins by holding high-yield U.S. Treasury bonds, but they do not share the earnings directly with users, as doing so might provoke regulatory discontent.