Wu Blockchain (@WuBlockchain): According to Decrypt, despite the GENIUS Act’s ban on stablecoin interest, Coinbase and PayPal continue offering rewards on USDC and PYUSD, with about…
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According to Decrypt, despite the GENIUS Act’s ban on stablecoin interest, Coinbase and PayPal continue offering rewards on USDC and PYUSD, with about 4% and 3.7% APY, respectively. Both argue that they are not actual issuers and that the rewards come from platform revenue sharing, not interest, thus falling outside the scope of the ban. https://t.co/n3YhBjD525