Fed officials: The restrictions on interest payments for stablecoin must be adhered to when implementing the GENIUS Act.

[Fed official: The restrictions on stablecoin interest payments must be adhered to when implementing the GENIUS Act] Fed official Mousalem stated that when implementing the GENIUS Act, the restrictions on stablecoin interest payments must be adhered to. It is important that stablecoins continue to be used as a payment tool rather than a savings tool.

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