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Original Compilation: Saoirse, Foresight News Under the GENIUS Act, stablecoin issuers are prohibited from paying interest to stablecoin holders. However, currently, the Coinbase exchange is offering a 3.35% reward to users holding USDC on its platform. This is possible because the GENIUS Act only prohibits issuers from paying interest and does not impose restrictions on distributors. Yet, before the relevant U.S. Senate committee reviews the Crypto Market Structure Bill (which aims to systematize cryptocurrency regulation) on January 15th, a debate has fully erupted over “whether the stablecoin interest payment ban should be extended to the distribution level.” Strong Opposition from the Banking Industry The American Bankers Association (ABA) is the primary group calling for a comprehensive ban on stablecoin interest payments. In a public letter released on January 5th, the…# Analysis# crypto# defi# Market# TokenPre
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