US lawmakers' offices are expected to release a draft of stablecoin yield terms next week, and the industry is preparing counter-proposals.

Crypto journalist Eleanor Terrett revealed that the office of U.S. Senator Thom Tillis plans to publicly release the legislative text concerning stablecoin yields and rewards mechanisms next week, and is currently in ongoing communication with various industry stakeholders. The report states that this move comes against the backdrop of dissatisfaction expressed by crypto industry players such as Coinbase with the terms presented earlier this week. David Duong, Global Head of Investment Research at Coinbase, stated that the industry is preparing a coordinated counter-proposal aimed at adjusting the terms to maintain a sustainable rewards mechanism while protecting users.