#GENIUSAct ETH will increase ferther
The GENIUS bill, signed into law by US President Donald Trump on Friday, bans yield-bearing stablecoins, cutting off interest-earning opportunities for institutions and retail traders. This type of stablecoin generates interest or returns for the holder through yield-generating mechanisms, like staking or lending.
According to crypto analyst Nic Puckrin, the removal of yield on stablecoins “is great news for Ethereum-based DeFi as the main alternative for passive income generation."