New Legislation Allows Crypto Firms to Offer Stablecoin Rewards with Certain Conditions
A newly introduced provision in the proposed Digital Asset Market Clarity Act, released on Friday, outlines that stablecoin yield will be prohibited under certain conditions. The compromise, reached by U.S. Senators Thom Tillis and Angela Alsobrooks, bans stablecoin issuers from offering yield solely based on holding stablecoin reserves, as this may hinder the services provided by depository inst…