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Analysis: GENIUS Bill Bans Yield Stablecoins, Bullish for Ethereum DeFi

Summary: Following reports, analysts believe that the US GENIUS bill officially banning yield stablecoins will drive funds into the Ethereum DeFi ecosystem. These stablecoins previously provided interest to holders 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 earn ...

Following reports, analysts believe that the US GENIUS bill officially banning yield stablecoins will drive funds into the Ethereum DeFi ecosystem. These stablecoins previously provided interest to holders 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 earn passive income, benefiting ETH and decentralized finance.

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Link: Analysis: GENIUS Bill Bans Yield Stablecoins, Bullish for Ethereum DeFi [Copy]

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