Banking Regulator Floats New Stablecoin Yield Rules—Do They Hurt Coinbase?

Banking regulators have proposed new rules that would restrict third parties from passing stablecoin yield rewards to users. The regulatory change could significantly impact major crypto exchanges like Coinbase, though experts disagree on the exact implications for the industry.

• →New proposed banking regulations would limit third parties' ability to distribute stablecoin rewards to users
• →The rules could potentially hurt Coinbase and other major U.S. crypto exchanges' business models
• →Industry experts are divided on how to interpret the regulatory language and its practical impact
• →The proposal represents another regulatory challenge for the U.S. cryptocurrency industry
• →Stablecoin yield products may face new restrictions under the proposed framework