Major positive news for the cryptocurrency community: idle funds deposited on exchanges can now earn yield, equivalent to buying US Treasury bonds.



The US CLARITY Act core disagreements reached compromise on stablecoin regulatory framework:

1️⃣ Prohibits expressing stablecoin yield as "deposit interest" (responding to banking system concerns)
2️⃣ Restricts passive holding yield, allows incentives for trading, payment and other behaviors
3️⃣ Balances financial stability and crypto innovation

Key entities involved include Circle, Coinbase and stablecoin USDC.

The framework stipulates that stablecoins can provide yield, but it cannot be called interest. Going forward, idle funds can now earn US Treasury bond interest.
USDC0,01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin