US stablecoin legislation negotiations have achieved phased progress, with the White House and Senate reaching preliminary consensus on relevant provisions. Industry representatives will visit Congress to review the bill's details. The current text is expected to prohibit providing yield or rewards on idle stablecoin balances to address banking sector concerns about deposit outflows; however, specific provisions remain undisclosed, and market reactions remain unclear. (Crypto In America)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin