OCC Drops Stablecoin Rewards Presumption, Keeps Yield Ban
The change removes an automatic classification test, not the underlying restriction, leaving exchanges and issuers to defend each rewards structure program by program.
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The change removes an automatic classification test, not the underlying restriction, leaving exchanges and issuers to defend each rewards structure program by program.
The dispute over reserve income is exposing the trade-off between partner payouts and the compliance, liquidity and redemption costs behind a major stablecoin.
The revision puts stablecoin yield and digital-commodity conduct at the center of Tuesday’s cloture vote on crypto market structure.
A five-week negotiating window remains, but ethics, enforcement and stablecoin yield disputes still cloud bipartisan support.
The product abstracts Aave markets, multi-chain routing, and custom ERC-4626 strategies behind a single interface, letting wallets and payment apps offer yield without touching DeFi rails.