OCC Lets Crypto Firms Keep Paying Stablecoin Rewards
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 […]
Key Takeaways
- 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 […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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