It appears we are intent on not learning from the euro dollar market. Looks like stablecoins will be moving back offshore and out of the reach of US regulators and law enforcement? Natsec folks should be irate with banks and oppose the bill now.

Eleanor Terrett
@EleanorTerrett
01-13
🚨NEW: Yield update: Banks may have won this round on stablecoin yield. The latest draft (page 189) says companies cannot pay interest just for holding balances. You can earn rewards, but only if they’re tied to opening an account or activity like making transactions, staking, x.com/eleanorterrett…
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