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Stablecoins and mainstream currencies
According to the latest draft, the US Senate cryptocurrency bill explicitly restricts "passive stablecoin yields." The clause states that companies cannot pay interest solely because users hold stablecoin balances; rewards must be tied to actual usage behaviors, such as staking, providing liquidity, trading, serving as collateral, or participating in network governance. This means that the previously offered "deposit-like yield" models of some stablecoin products will be significantly constrained at the regulatory level.