The U.S. Office of the Comptroller of the Currency released a draft rule implementing the GENIUS Act, which has triggered fresh concerns among banks. The legislation prohibits stablecoin issuers from directly paying yield to holders. However, market analysts warn that potential regulatory loopholes could allow indirect yield mechanisms, undermining the law’s intended restrictions on stablecoin returns. The outcome of final rule implementation could shape how stablecoin products compete with traditional banking deposits.
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