125 Crypto Organizations Oppose Expansion of Stablecoin Yield Ban
A coalition of crypto industry groups criticizes proposed banking restrictions on stablecoin interest programs as protectionist and harmful to competition.
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Terms & Concepts
Stablecoin: A cryptocurrency pegged to a stable asset, such as the US dollar, to reduce volatility.
Yield: Earnings generated from an investment or holding, often expressed as a percentage.
Stablecoin Yield Ban: A regulatory prohibition on offering interest-bearing programs for stablecoin holdings.