The GENIUS Act Banned Yield on Stablecoins– But Banks Are Still Losing Against The Competition

The GENIUS Act includes a key rule that bars stablecoin issuers from paying interest directly to holders. While this provision was likely intended to protect banks from losing deposits, it has unintentionally created a highly profitable regulatory loophole. The rule carves out a business opportunity for crypto exchanges and fintech distributors. They can now capture this yield and turn it into a powerful engine for innovation source: https://beincrypto.com/genius-act-staking-loophole-us-banking-risk/