The OCC’s new GENIUS Act rules let exchanges like Coinbase and Robinhood keep paying interest-like stablecoin rewards, despite warnings from banks about deposit flight. TLDR Federal regulators have confirmed that crypto exchanges can keep paying interest-like rewards on stablecoin balances. Under the OCC’s new GENIUS Act rules, stablecoin issuers like Circle still cannot pay interest […]
Read the full story at bitcoinist.com.
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