While the Office of the Comptroller of the Currency's recently published stablecoin rule bars stablecoin issuers from ...

The supply of USDe has increased by 70%, while that of USDS rose 23% since the GENIUS Act was signed into law on July 18. The supply of yield-bearing stablecoins has surged since the United States’ ...

As the GENIUS Act levels the playing field between banks and crypto issuers, Ledn bets that stablecoin holders worldwide will chase compliant, yield-driven services. When it comes to stablecoins, ...

The first official US stablecoin law, known as the GENIUS Act, is already facing pushback from major banking groups that argue some provisions could destabilise the traditional financial sector.

U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.

Patrick Witt argued that stablecoin issuers paying interest shouldn’t be treated like banks because they cannot lend the ...

The OCC’s proposal to implement the GENIUS Act would bar yield on payment stablecoins and introduce a rebuttable presumption against common issuer-affiliate reward structures. The US Office of the ...

Trump accuses US banks of undermining the GENIUS Act and holding the Clarity Act hostage over stablecoin yield in a sharp Truth Social post.

Under the GENIUS Act, stablecoin issuers cannot offer yield to consumers. That’s because lawmakers want to separate payment instruments from investment products. So if the coin doesn’t pay, why would ...