CMC News

#GENIUS Bill Bans Stablecoin Yield Creating $ETH DeFi Opportunity

The GENIUS legislation signed by President Trump eliminates yield-bearing stablecoins for U.S. institutions.

Crypto analyst Nic Puckrin calls the move "great news for #Ethereum-based DeFi as the main alternative for passive income generation."

CoinFund President Christopher Perkins predicts "stablecoin summer is going to turn into #DeFi summer."

Financial institutions must now chase yield on-chain to satisfy fiduciary obligations to shareholders.

$ETH accounts for the vast majority of total value locked in the decentralized finance sector.

Traditional banks fought against yield-bearing stablecoins, fearing competition would crater loan demand.

Senator Kirsten Gillibrand argued that private stablecoin issuers passing on interest would undermine legacy banking services.

  cointelegraph.com/news/genius-...