A proposal that circulated earlier this week would have barred third parties, including exchanges, from paying stablecoin yields to users.
Stablecoin News
Coinbase told Senate lawmakers Monday that it has concerns over stablecoin yield language in the latest compromise version of the Senate’s crypto market structure bill, Punchbowl News reported Wednesday, citing four people briefed on the meeting. The exchange’s opposition adds a new obstacle to a bill that has already faced repeated delays.
A proposal that circulated earlier this week would have barred third parties, including exchanges, from paying stablecoin yields to users. The provision was framed as a response to banking groups’ concerns about deposit flight if consumers shift funds…
