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Are stablecoin interest rates being halted? Banks are lobbying furiously, results expected in May!
$BTC
The stablecoins you hold might no longer earn interest in the future.
The Senate originally scheduled to review the "Clear Act" at the end of April, but now it's likely to be pushed to May. Why? Banks are collectively protesting: crypto companies are offering rewards for stablecoins, aren't deposits all flowing away?
On one side, banks are desperately lobbying; on the other, the crypto industry is steadfast in innovating. Now, a compromise has emerged: passive holding may not earn interest, but you can earn rewards when trading or using platforms.
Here's the question—if it doesn't pass by May, the bill will likely be dead before the midterm elections. The next chance? Some say it might not come until 2030.
#美伊冲突再起引发市场动荡
Do you think stablecoins should earn interest? Drop your opinions in the comments section 👇