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The fight over stablecoin yield isn’t really about stablecoins
Yahoo Finance· 2026-01-24 21:08
As Congress debates crypto market structure legislation, one issue has emerged as especially contentious: whether stablecoins should be allowed to pay yield. On one side, you have banks fighting to protect their traditional hold over consumer deposits that underpin much of the U.S. economy’s credit system. On the other side, crypto industry players are seeking to pass on yield, or “rewards,” to stablecoin holders. On its face, this looks like a narrow question about one niche of the crypto economy. In r ...