🚨🇺🇸 US banks intensify pressure on stablecoin yields 👀
📊 With the vote on the GENIUS Act approaching in the Senate, US banking institutions have increased efforts to limit allowing stablecoins to provide yields to users.
💰 Banks see that yield‑generating stablecoins could compete with traditional bank accounts and draw liquidity away from the banking system.
⚖️ Conversely, sector supporters believe that permitting yields could boost innovation and competition in digital financial services.
👀 A new battle between traditional banks and the crypto sector is igniting in Washington.
