Analysis: GENIUS Act bans yield-generating stablecoins, which will benefit Ethereum DeFi

avatar
ODAILY
07-19
This article is machine translated
Show original
Odaily Planet News: After the U.S. GENIUS bill officially banned yield-generating stablecoins, analysts believe this will drive funds into the Ethereum DeFi ecosystem. Such stablecoins previously allowed holders to earn interest through staking or lending. Analysts point out that the ban on stablecoin yields will force institutions and users to turn to DeFi protocols on Ethereum to obtain passive income, which is beneficial for ETH and decentralized finance. (Cointelegraph)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments