Stablecoin Yield Ban: Industry Groups Fight Back
Update: 2025-12-19
Description
Industry advocacy groups, including the Blockchain Association, oppose a proposed ban on stablecoin yield, arguing its anti-competitive. They compare crypto rewards to those offered by traditional banks and credit card companies, suggesting it stifles innovation and gives an unfair advantage to existing financial service providers. Meanwhile, the FDIC proposes allowing banks to issue stablecoins through subsidiaries, potentially shifting how traditional financial institutions engage with digital assets.
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