npub1tp…rqryf on Nostr: Banks fought for the GENIUS Act's ban on stablecoin interest. Exchanges pay "rewards" ...

Banks fought for the GENIUS Act's ban on stablecoin interest. Exchanges pay "rewards" anyway: 3.75% on USDC at Coinbase One, up to 4.5% at Kraken+. The OCC's final rule on Oct 21 will judge those programs case by case.