PANews July 19 news, according to Cointelegraph, U.S. President Trump signed the (GENIUS Act) on Friday, which bans the issuance of yield-bearing stablecoins, cutting off opportunities for both institutions and retail investors to earn interest. These stablecoins create interest or returns for holders through yield mechanisms such as staking or lending. In response, cryptocurrency analyst Nic Puckrin stated that the cancellation of yield on stablecoins is 'good news for Ethereum-based DeFi, as DeFi is a major alternative for generating passive income.' Yields can not only be used for passive income but also to mitigate the impact of fiat currency inflation. CoinFund President Christopher Perkins also remarked, 'Without yield, the dollar is a depreciating asset. DeFi is the place where yield can be generated to preserve value. Therefore, I believe the summer of stablecoins will turn into the summer of DeFi.'
