🔥 The regulators who once warned investors to steer clear of high‑yield stablecoins are now signing off on a deal that could pour billions into Coinbase’s USD‑backed coin.
📊 At 2:15 pm EST the Senate Banking Committee cleared the last hurdle, and Coinbase’s Clarity Act yield framework is set to unlock an estimated $12 billion of on‑chain capital, just as market greed spikes to 73 / 100; #BTC hovers at $85,640 and #ETH slides to $2,693, both stuck in neutral RSI territory while the #Stablecoins narrative sharpens. Futures traders are already positioning: BTC open interest sits at $8.17 B with a bearish funding rate of -0.0028 % (shorts paying), whereas ETH’s $6.23 B OI enjoys a bullish 0.0088 % funding (longs paying), and smart wallets on #Solana are snapping up tokens like CNDR and AM, hinting a cross‑chain liquidity scramble.
💡 The irony deepens: the very yield regulators feared could fuel speculative fire is now being framed as a tool to tighten supply and force institutional money into the safe‑haven of fiat‑backed crypto.
❓ Will this Senate green‑light turn Coinbase’s stablecoin into the next institutional gateway, or will it spark a fresh wave of regulatory backlash?
📊 At 2:15 pm EST the Senate Banking Committee cleared the last hurdle, and Coinbase’s Clarity Act yield framework is set to unlock an estimated $12 billion of on‑chain capital, just as market greed spikes to 73 / 100; #BTC hovers at $85,640 and #ETH slides to $2,693, both stuck in neutral RSI territory while the #Stablecoins narrative sharpens. Futures traders are already positioning: BTC open interest sits at $8.17 B with a bearish funding rate of -0.0028 % (shorts paying), whereas ETH’s $6.23 B OI enjoys a bullish 0.0088 % funding (longs paying), and smart wallets on #Solana are snapping up tokens like CNDR and AM, hinting a cross‑chain liquidity scramble.
💡 The irony deepens: the very yield regulators feared could fuel speculative fire is now being framed as a tool to tighten supply and force institutional money into the safe‑haven of fiat‑backed crypto.
❓ Will this Senate green‑light turn Coinbase’s stablecoin into the next institutional gateway, or will it spark a fresh wave of regulatory backlash?
