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Financials and Banks
2 articles on this topic, newest first.

Every Time You Trade, Borrow or Sit in Cash, Someone Else Gets Paid
Retail investors don't just lose to bad information. Much of the financial industry earns more from trading, borrowing, cash balances and attention than from investor returns themselves.

Who Buys the T-Bill Behind Your $1 Stablecoin
Stablecoins aren't a crypto asset class so much as new plumbing for moving dollars online, and every new dollar that flows in gets tied to short-term Treasuries.
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