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I'd love to see a post discussing the economics of stablecoins, but not just how the stablecoin issuers make money (that's obvious), but where the demand for stablecoins is coming from. I'm very curious as to how they're being used out in the wild and by who.
Here's another thing:
Brale says they are a "stablecoin as a service" company and that they can issue stablecoins on a whole bunch of different chains.
Who, in the case of USDB, is Brale's customer? To whom are they providing the stablecoin as a service? I don't think Brale intends by the phrase "stablecoin as a service" that the users of the stablecoin are paying them for the service...that's what normal stablecoin companies do (think USDT or USDC).
Stablecoin as a service implies that they are issuing the stablecoin on behalf of someone. The obvious candidate in this case is either Spark or Flashnet. If that's the case, what does it mean that the business on whose behalf the stablecoin is being issued is offering rewards (read: interest) for holding the stablecoin?
USDB is a stablecoin issued on Spark.
It is issued by a company named Brale.
I've been doing a little reading about Brale. Stablecoin as a Service sounds like a fun post topic.