Regulation· ★★★★· bullish·

US bank regulators allow crypto firms to keep offering interest-like rewards

  • —Regulators confirmed crypto firms may keep paying interest-like rewards to customers
  • —The guidance covers yield products built on stablecoins and crypto accounts
  • —The GENIUS Act had raised questions about rewards on stablecoin balances
Why it matters: Clear rules on stablecoin yield matter for issuers and exchanges whose products depend on it.
Source: Bing News (crypto query)
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