The current framing puts stablecoin holders in a binary: balance-based rewards that look like deposits, or narrow activity-based programmes. But there is a broader opportunity. With interoperable electronic money, stablecoin holders can access yield from regulated onchain marketplaces, not just from issuers.
PlatformD offers investment-grade digital securities backed by individually verified invoices from named, rated obligors. The yield comes from real commercial obligations. Uncorrelated to crypto markets. Auditable from origination.
The infrastructure exists. As long as electronic money is interoperable and scalable, stablecoin holders should be able to participate in real-economy yield, onchain. The Clarity Act has an opportunity to make room for that.