Forbes - Stablecoins In Corporate Finance: It's Not About Yield

Nearly every story written about stablecoins is written for consumers. The angle is almost always the same: a better rate than a savings account and the flight-of-deposits fear that comes with it. The clash-of-the-titans battle over yield in the proposed CLARITY Act is entirely about consumer deposits, which tells you everything about where the conversation's attention sits. That framing has shaped how most people, including many in finance, think about what stablecoins can actually do.

For corporate finance, it's entirely the wrong lens.

The reason is simple: A consumer and a corporate treasurer are not solving the same problem. When the conversation treats stablecoins as a better yield-bearing place to park cash, it answers a question corporate finance was never asking.

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