โก๏ธ๐บ๐ธ ๐๐๐๐๐๐ ๐๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง ๐๐ข๐๐ฅ๐ ๐๐๐ง ๐๐๐ฒ ๐๐ฉ๐๐ซ๐ค ๐๐ญ๐ก๐๐ซ๐๐ฎ๐ฆ ๐๐๐ ๐ข ๐๐จ๐จ๐ฆ, ๐๐๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ!
๐ A new US law โ the GENIUS bill, signed by President Trump โ bans stablecoins that pay interest to holders.
This means no more yield-earning stablecoins for retail traders or big institutions.
โก๏ธ Analysts say this could boost Ethereum DeFi. Why?
Because people and institutions looking for passive income might shift to DeFi protocols built on Ethereum instead.
๐ก โWithout stablecoin yield, DeFi becomes the main alternative to earn passive income,โ explains crypto analyst Nic Puckrin.
๐ช CoinFundโs Christopher Perkins adds:
> โThe dollar loses value over time. DeFi helps generate yield to keep up with inflation โ so we might see a โDeFi summerโ instead of a โstablecoin summer.โโ
๐ Institutions especially need yield to satisfy investors and grow cash flow. With this law, they might move more capital into DeFi.
๐ Why the ban? Some US lawmakers worry that yield-bearing stablecoins could hurt traditional banks โ making people keep funds outside the banking system and reducing demand for mortgages or loans.
โ๏ธ Critics argue this protects banks from competition. NYU professor Austin Campbell called it โcartel protectionโ.
โ Bottom line:
The ban could remove an easy yield option โ but it might also push billions into Ethereum-based DeFi as the next best place to earn.
