#USStablecoinBill Stablecoins in cryptocurrency are key instruments that bridge the gap between digital assets and traditional fiat currencies. However, legislative changes in the United States threaten to stifle innovation in the sector just as a path forward was emerging.
The Stablecoin Transparency and Accountability Act for a Better Ledger Economy of 2025 (the STABLE Act), currently under consideration by Congress, provides greater legal clarity for the stablecoin sector. It also prohibits yield.
Section 4, part 8 of the bill unequivocally addresses this issue, stating: "PROHIBITION ON YIELD. — A permitted issuer of payment stablecoins may not pay interest or yield to holders of its payment stablecoins."
This move has sparked heated debates among industry leaders, politicians, and consumers regarding the future viability and attractiveness of stablecoins.