According to CoinDesk, real‑world assets already back the largest stablecoins, but borrowing against them on‑chain continues to use variable‑rate pools. Peter Gaffney of O2O Capital Partners says fixed‑rate, fixed‑term lending is the missing piece. He outlines why this approach could meet growing demand.
A shift of about 5 percent in Sky and Ethena reserves would generate roughly $1.8 billion of demand for real‑world assets under the proposed model, Gaffney indicated.
