
Postaus
Alexa Hardy
đš Federal Charters Could Change the Crypto Money Flow â But Not Everyone Wins. đ
Federal charters may give $BTC and $ETH only indirect upside if supervised custodians succeed in attracting more assets.
But hereâs the catch:
Token holders donât get the custody fees.
For $USDC and $RLUSD holders, the story is different. You still get dollar exposure, while issuers and distributors capture the economics generated from reserves.
And thereâs another potential shift to watch:
More federal charters â more competition among custodians and stablecoin players â lower custody and stablecoin fees.
So the real question isnât just whether crypto adoption grows.
Itâs who actually captures the economics when it does. đ
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