2025-12-29 23:27:45

The e-CNY just shifted strategy—starting January 1st, it's now offering interest payments. This move came after roughly 500 million users showed zero enthusiasm at zero yield. PBOC Deputy Governor Lu Lei essentially acknowledged what the market already knew: without competitive returns, the world's largest CBDC couldn't gain traction.

Meanwhile, look at stablecoin dominance. USDC and USDT collectively rake in $8+ billion in annual treasury income—paid directly to the issuer, zero passed to holders. Circle and Tether run this game unchallenged. The gap between CBDC incentive structures and stablecoin economics tells you everything about why adoption patterns differ. When one pays nothing and others pay all, users vote with their wallets.

USDC0.01%

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AllTalkLongTrader

· 7h ago

Oh my god, the central bank finally figured it out. Who the hell would use something with no returns?

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SolidityJester

· 7h ago

Haha, the indifference of 500 million users hits the nerve directly. Why only realize now that interest should be given? Why didn't you do it earlier? USDC and USDT earn 8 billion annually, yet not a penny is given to users. That's the real master of cutting leeks... all the money goes into the issuer's pocket. User voting has always been the most honest. If there's profit, who would bother with zero returns?

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GateUser-40edb63b

· 7h ago

Haha, even the central bank has learned to compete for returns. With 500 million people voting with their feet, this situation really can't be sustained. User preferences still depend on how the money is split. On the stablecoin side, they are directly siphoning off profits, while on e-CNY they still want a free lunch. Wake up. The game between Tether and Circle is too clever; eighty billion quietly went into their own pockets. Human nature is like this—wherever the profit is better, people run there. Even the Central Bank has to comply. The move to raise interest rates on digital RMB was forced... a truly helpless measure.

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AirdropHunterWang

· 8h ago

Haha, this is what you call reality. Who would use it if there's no return? --- Even the central bank has to bow, it seems interest rates really dominate everything. --- Laughing to death, 500 million users vote with their feet... USDT brings in $8 billion a year, while e-CNY is still patching things up here. --- Basically, it's a game of chance—one side harvests huge profits by cutting leeks, while the other studies how to make people willingly hold the coins. --- Wow, you're only now thinking about paying interest? Isn't that a bit late, buddy? --- That's why I've always said that stablecoins are the true kingmakers; users are the most honest. --- Products with zero interest rates should just be phased out... there's nothing to discuss.

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