The GENIUS Act signed by President Trump limits yield-generating stablecoins, prompting a potential surge in Ethereum-based DeFi as investors seek alternatives for passive income.
The U.S. GENIUS Act signed by President Trump prohibits yield-generating stablecoins, impacting interest-earning opportunities for institutions and retail investors. Analyst Nic Puckrin notes this could benefit Ethereum-based DeFi as an alternative for generating passive income. CoinFund President Christopher Perkins emphasizes that without yield, the dollar risks depreciation, suggesting a shift from stablecoins to DeFi for value preservation.