🎯 The Fed shuts down the path of earning interest from stablecoins
📰 The Fed proposes two bills for the GENIUS Act: banning issuers from paying interest directly; rewards via third parties are also considered violations. They only leave a narrow loophole like credit card cashback. It is now under a 60-day public comment period
💬 To put it plainly: stablecoins are not allowed to be used like deposits to earn interest. Small players that attract users with high interest rates will feel it first, while the leading compliant players will be more stable. Let’s see how each firm responds
🏷️ #稳定币 #GENIUS法案 #美联储 #监管
📰 The Fed proposes two bills for the GENIUS Act: banning issuers from paying interest directly; rewards via third parties are also considered violations. They only leave a narrow loophole like credit card cashback. It is now under a 60-day public comment period
💬 To put it plainly: stablecoins are not allowed to be used like deposits to earn interest. Small players that attract users with high interest rates will feel it first, while the leading compliant players will be more stable. Let’s see how each firm responds
🏷️ #稳定币 #GENIUS法案 #美联储 #监管