First sip
Stablecoin rewards are turning into the main battleground in the US as the CLARITY Act stalls out. The implication is that policy language and incentive design are now deciding winners more than product polish alone. The action is to watch who can keep the UX clean while still passing value through to users, then track where builders are choosing to ship and distribute next.
Watch next: Beself Brands Founder Albert Prat on BeToken’s Tokenized Equity
☕ Quick sip
This week on Coffee with Captain
Incentives do not die they migrate: Leaderboards fade and programs move toward scoped campaigns with clearer outcomes and measurement (Fri)
Stablecoin yield wars have started: The fight is who can pass rewards through to users and who gets cut out of the spread (Mon)
Banks defend distribution: When stablecoins threaten a core revenue lane incumbents push policy to reassert control over the rails (Mon)
Tokenized equity needs real businesses: Profitable operators make onchain ownership legible to outsiders (Tue)
Incentives reshape behavior fast: Points programs push measurable actions and volume scoring changes day to day behavior (Wed)
Base is becoming a default launchpad: Builders follow liquidity and distribution, multichain is a reach strategy (Thu)
Listen now
Monday - Coinbase Threatens to Pull CLARITY Act Support Over Stablecoin Yield
Tuesday - Beself Brands Founder Albert Prat Breaks Down BeToken’s Tokenized Equity + NFT Market Pulse
Wednesday - Creator Royalties Aren’t Dead + Abstract Chain Incentive Season
Thursday - Beezie Launches on Base, Coinbase Pulls CLARITY Act Support
Friday - Death of InfoFi: Incentives Move Off Leaderboards
PS: Vote in the Quick sip poll and reply with the one stablecoin use case you think will hit first
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DISCLAIMER: This newsletter is for educational purposes only and does not constitute financial or investment advice. Make any investment decisions with a qualified professional. I may hold digital assets referenced here.