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The GENIUS Act and the "Yield Loophole"
The GENIUS Act was designed to prevent this disruption by categorizing stable coins strictly as payment instruments. To do this, it mandated 1:1 reserves and explicitly prohibited issuers from paying interest directly to holders. However, a significant legislative loophole has emerged:
The Mechanism: While the issuer (like Circle) cannot pay interest, the act does not explicitly stop third-party distributors (like Coinbase or Kraken) from passing through revenue generated by those Treasury reserves to their users.
The Result: Exchanges are currently offering 4–5% APY on stable coin holdings. For the average consumer, these digital assets effectively function as high-yield savings accounts, bypassing the spirit of the regulation while adhering to its letter.
#tressury #GeniusActTheCatalyst #GENIUSAct #TrumpCrypto #StablecoinLaw #CryptoNews
The GENIUS Act was designed to prevent this disruption by categorizing stable coins strictly as payment instruments. To do this, it mandated 1:1 reserves and explicitly prohibited issuers from paying interest directly to holders. However, a significant legislative loophole has emerged:
The Mechanism: While the issuer (like Circle) cannot pay interest, the act does not explicitly stop third-party distributors (like Coinbase or Kraken) from passing through revenue generated by those Treasury reserves to their users.
The Result: Exchanges are currently offering 4–5% APY on stable coin holdings. For the average consumer, these digital assets effectively function as high-yield savings accounts, bypassing the spirit of the regulation while adhering to its letter.
#tressury #GeniusActTheCatalyst #GENIUSAct #TrumpCrypto #StablecoinLaw #CryptoNews
Tether expands into the U.S. with its new stablecoin: USAT
Tether has taken a strategic step to strengthen its presence in the U.S. market by announcing the launch of USAT, a stablecoin specifically designed to operate under the U.S. regulatory framework. (Reuters)
📜 What is USAT and how will it operate?
USAT will be issued by Anchorage Digital Bank, which holds a national trust bank charter under the supervision of the Office of the Comptroller of the Currency (OCC). (Reuters)
The custody of the reserves that will back each USAT will be handled by Cantor Fitzgerald. (Reuters)
📜 What is USAT and how will it operate?
USAT will be issued by Anchorage Digital Bank, which holds a national trust bank charter under the supervision of the Office of the Comptroller of the Currency (OCC). (Reuters)
The custody of the reserves that will back each USAT will be handled by Cantor Fitzgerald. (Reuters)
$MET
EXPLODES WITH INSANE VOLATILITY!
Fresh Binance listing going wildspiked to $0.5490 then slammed to $0.4459 before bulls snapped back hard!
Now stabilizing around $0.455$0.465 holding strong could trigger another breakout toward $0.490+
This one’s a trader’s playground blink and you’ll miss it!
#MET #AltcoinRush #BinanceListing #CryptoVolatility #AmericaAIActionPlan #BinanceHODLerC #GeniusActTheCatalyst #WriteToEarnUpgrade #WriteToEarnUpgrade
EXPLODES WITH INSANE VOLATILITY!
Fresh Binance listing going wildspiked to $0.5490 then slammed to $0.4459 before bulls snapped back hard!
Now stabilizing around $0.455$0.465 holding strong could trigger another breakout toward $0.490+
This one’s a trader’s playground blink and you’ll miss it!
#MET #AltcoinRush #BinanceListing #CryptoVolatility #AmericaAIActionPlan #BinanceHODLerC #GeniusActTheCatalyst #WriteToEarnUpgrade #WriteToEarnUpgrade
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$ETH is Undervalued Right now, so Does Many #Alts $ETH is Having Short Squeeze & #GeniusActTheCatalyst . Market is Heading for Something Big. But New & Naive Will Become Depressed, Anxious, Toxic , etc. Well I don’t Care & So Does Market.
#BinanceHODLerDOLO #SOLTreasuryFundraising #FedDovishNow
#BinanceHODLerDOLO #SOLTreasuryFundraising #FedDovishNow
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