GENIUS Act Bans Yield-Bearing Stablecoins, Shifting DeFi Focus to Tokenized Money Market Funds
The recently enacted GENIUS Act has prohibited stablecoin issuers from offering yield-bearing products, significantly diminishing stablecoins’ competitive advantage against traditional financial instruments. The legislation explicitly bars returns on stablecoin holdings, making tokenized money market funds (MMFs) increasingly attractive alternatives due… Read More »GENIUS Act Bans Yield-Bearing Stablecoins, Shifting DeFi Focus to Tokenized Money Market Funds