USDC saved my butt not too long ago and I am a little sad I didn't know about it back in May. I could have saved about $500 in fees if I had known. You brought up a really good point that I hadn't though of until just now. What happens when that first institutional investor puts money into DeFi? It is going to be nuts. I am actually a little surprised it hasn't happened yet. Even a company like Apple that has significant cash on hand could test the waters with little impact to their bottom line. I would think it has to be something like that or some kind of fund that gives you very warning you are investing in a highly volatile area.
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It is actually not even at that level.
Think of it more this way: what happens when a local business takes their prudent reserve and puts it into a DeFi project earning 8%; say a local plumbing company with $500K.
That is the level that could really bring in billions since there are many companies and non-profits who have reserves set aside that are just sitting in low yield/fixed income accounts.
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I feel like they would be less likely to take that leap versus a larger company with more reserves. Then again, the fact that they started their own business shows that they are open to risk, and they likely don't have a board to answer to.
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The difference is smaller companies need the yield a great deal more. Larger corporations can enter into areas that the average investor cannot.
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