Coinbase erzielt Einigung über das CLARITY-Gesetz, das Krypto-Plattformen verbietet, passive Renditen auf Stablecoins anzubieten

They just want to eat the yeilds themselves. Shocked. Next, they will force you to stay on their chain so you can’t get yeilds period.

„Passive yields on stablecoins“. Passive yields on crytpo, ETH for example, will be allowed.

This is good. Stable coin issuance with yield was achieved by buying US Treasury Bills. It would be a recipe for disaster. As long as stablecoin issuers aren’t allowed to buy T-bills and keep the interest for themselved, this is the correct path.

Yield on staked ETH investments on the other hand is a huge win.

I suppose a silver lining is it makes sense to continue to buy and hold altcoins in this scenario.

Curious about two extremes… interest rates go back to zero or interest rates going to 10%+ and the impact on that has on stable coins?

If the interest rates are going to go up as we enter hyperinflation, I can see where people would move to stables if banks didn’t offer some significant yield. This seems to be a scenario they are concerned about.

It is easy to jump into tokenized metals if rates get cut aggressively. Low rates means gold and store of value wins. High rates mean that this is dead money in gold unless avoiding inflation makes up for it.

If stables offered high yields, the only reason to hold altcoins would be to participate in governance as DeFi would be pointless. Now you are required to participate to receive yield which make some of these alts have utility.

This is just for the US right? What if Canada wants to have interest on stable coins?

Timevto say good bye to coinbase

Expected

who are they to reach a deal with anyone?

Wow, a lot of fear and blowharding in this thread. I came here looking for information and get people shouting at each other. If nothing else that means that there is narrative and counter narrative being pushed. It’s so important that people are programmed with the proper narrative…