OCC Proposal Aims to Resolve Stablecoin Yield Debate, Paving Way for CLARITY
A proposal from the OCC seeks to address the debate surrounding stablecoin yields. According to reports, the proposal to implement the GENIUS Act would prohibit yield on payment stablecoins. Additionally, it would introduce a rebuttable presumption against common issuer-affiliate reward structures. The development aims to provide clarity in the stablecoin space, specifically concerning yield-bearing activities and affiliate reward systems. The proposal could have implications for how stablecoins are structured and utilized within the broader cryptocurrency market.
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