Philippe Laffont labeled non-yielding stablecoins as “outrageous” during a public event in New York, questioning how a stablecoin can operate without generating interest.
As U.S. Lawmakers progress a key bill prohibiting interest-bearing stablecoins, the debate around the regulation of these assets heightens, particularly with the introduction of the GENIUS Act.
Concerns about yield-bearing stablecoins destabilizing traditional banks are prompting a clash between crypto lobbyists and financial regulators regarding the future of these digital assets.
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