🚨UPDATE: 🇺🇸 The American Bankers Association is criticizing the OCC's finalized GENIUS Act rules over stablecoin yield. While stablecoin issuers cannot directly pay interest, crypto exchanges and third parties can still offer yield-like rewards. The ABA argues this undermines Congress's intent and risks pulling billions in deposits away from traditional banks. The fight over who gets to pay yield on your dollars is far from over.
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