GENIUS' ban on stablecoin yield will drive demand for Ethereum DeFi — Analysts
2025-07-18 21:50:59
Main Idea
The GENIUS bill's ban on yield-bearing stablecoins in the US is expected to increase demand for Ethereum-based DeFi platforms as they offer yield-generating alternatives.
Key Points
1. The GENIUS bill, signed into law, prohibits yield-bearing options for US-regulated stablecoins.
2. Crypto analyst Nic Puckrin and CoinFund President Christopher Perkins suggest this will benefit Ethereum DeFi, where yield can still be generated.
3. Ethereum dominates the decentralized finance sector in terms of total value locked (TVL).
4. US Senator Kirsten Gillibrand raised concerns about the impact on legacy banking services due to the lack of yield in stablecoins.
5. The bill may drive financial institutions to seek yield opportunities onchain, particularly in DeFi platforms.
Description
The lack of yield-bearing options for US-regulated stablecoins under the GENIUS bill will drive investors to search for interest elsewhere, analysts said.
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