CoinVoice has learned that, according to a report by Cointelegraph, U.S. President Trump signed the (GENIUS Act) on Friday, officially banning the issuance of yield-bearing stablecoins, cutting off the channels for institutions and retail investors to earn interest through stablecoins. These types of stablecoins previously generated returns for holders through methods such as staking or lending.
Crypto analyst Nic Puckrin pointed out that this move is "positive for Ethereum-based DeFi" because DeFi provides alternative sources of yield that can be used to obtain passive income or combat fiat currency inflation.
CoinFund President Christopher Perkins also stated: "A dollar without yield is a depreciating asset, while DeFi is a place that can generate yield and preserve asset value." [Original link]
