Federal Regulators Allow Crypto Firms to Pay Interest-Like Rewards
Federal regulators have clarified that cryptocurrency companies can continue paying interest-like rewards to customers, despite banks' concerns about deposit drains. Under new rules from the Office of the Comptroller of the Currency, stablecoin issuers cannot pay interest directly, but exchanges like Coinbase and Robinhood may pass earnings from stablecoin-backed securities to users as rewards. This follows the GENIUS Act to regulate stablecoin issuers.
ET Tech·



