Summary
U.S. Senators Thom Tillis and Angela Alsobrooks introduced a final amendment to the Digital Asset Market Clarity Act (CLARITY Act) that would prohibit stablecoins from offering passive, deposit-like yield to U.S. users, aiming to close a regulatory loophole that could cause outflows from the bankin…
Key points
- Stablecoin holders and issuers can proactively assess the compliance of yield models.
- This amendment would legally redefine the yield attributes of stablecoins, impacting the competitive landscape.
- Going forward, stablecoins held by U.S. users would not be able to earn deposit-like interest, but transaction or spending rewards might remain unaffected.
Editorial note
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