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149 The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

Wired
Adam Willems @ Wired · 09/03/2025 07:00 EDT

The Loophole Turning Stablecoins Into a Trillion-Dollar Fight

The GENIUS Act barred stablecoin issuers from paying interest. But in allowing cryptocurrency exchanges to offer rewards, it set off a high-stakes clash with the US banking industry.

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