Stablecoin Yields disguised as HYSA

An app promotes a High-Yield Savings Account (HYSA) with 6% APY built on stablecoins, which may pose potential risks of losing money. The author is unfamiliar with stablecoins and compares it to traditional HYSAs that are FDIC insured with rates around 3.50-4%. The author seeks education on the risks associated with stablecoins.