# Сопутствующие статьи по теме Interest

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Interest", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Banking Industry's Resistance: The Endless Debate Over Stablecoin Interest Payments

The article discusses the ongoing regulatory debate in the U.S. regarding interest payments on stablecoins. The proposed *GENIUS Act* currently prohibits stablecoin *issuers* from paying interest to holders. However, platforms like Coinbase can still offer yields (e.g., 3.35% on USDC) because they act as *distributors*, not issuers. This loophole has sparked a significant political battle. The American Bankers Association (ABA) is leading efforts to expand the interest ban to include distributors in the upcoming *Crypto Market Structure Bill*. Banks argue that stablecoins threaten their deposit base, reduce lending capacity, and lack FDIC insurance, thereby endangering their traditional business model. The crypto industry strongly opposes this expansion. Coinbase's Chief Policy Officer argues stablecoins haven't caused significant bank deposit outflows. Think tank Paradigm suggests that banning interest on stablecoins used for payments would be akin to a "holding tax" on consumers. The article contrasts the U.S. situation with approaches in China and South Korea. China's digital yuan (a CBDC) pays interest to promote adoption, while South Korea's policy mirrors the current U.S. stance—banning issuer interest but not distributor interest. The conclusion warns that if the ABA's lobbying succeeds, it would cripple the crypto industry. It argues that traditional finance should adapt to innovation, citing examples of banks and asset managers (like BNY Mellon, JPMorgan, and BlackRock) already embracing opportunities in stablecoins and tokenization.

marsbit01/09 12:44

The Banking Industry's Resistance: The Endless Debate Over Stablecoin Interest Payments

marsbit01/09 12:44

Will The GENIUS Act Shift $6.6T From US Banks? Critics Warn Stablecoin ‘Loophole’ Could Damage Small Businesses, Mortgages and More

A coalition of banking groups warns that a perceived "loophole" in the GENIUS Act could put up to $6.6 trillion in U.S. bank deposits at risk, potentially undermining community lending that supports small businesses, homebuyers, and local economies. The dispute centers on the Act’s ban on stablecoin issuers paying interest or yield directly to holders, which was intended to prevent stablecoins from competing with bank deposits. However, critics argue that some issuers are circumventing this by indirectly funding rewards through exchanges and partners. Banking associations, including the Bank Policy Institute, urge lawmakers to clarify that all forms of inducements—direct or indirect—should be prohibited. They warn that without this, stablecoins could incentivize customers to move savings out of banks, jeopardizing traditional lending. Crypto advocates and industry groups strongly reject these concerns, calling them a "last-ditch effort" by big banks to block competition. They argue there is little evidence that stablecoins threaten the banking system and that rewards benefit everyday users. Pro-crypto figures also warn that tightening the law could have geopolitical consequences, potentially pushing users toward foreign alternatives like China’s Digital Yuan. The stablecoin market, led by Tether’s USDT and Circle’s USDC, has grown to nearly $318 billion, partly driven by reward programs. Banking groups view these incentives as blurring the line between payment tools and deposit-like products, while crypto advocates see them as legitimate competitive features. If lawmakers restrict these rewards, the sector’s growth could slow significantly.

ccn.com01/08 10:55

Will The GENIUS Act Shift $6.6T From US Banks? Critics Warn Stablecoin ‘Loophole’ Could Damage Small Businesses, Mortgages and More

ccn.com01/08 10:55

The GENIUS Act can drain $6.6T from U.S. banks – THIS is how

The GENIUS Act of 2025 has drawn sharp criticism from major U.S. banks, warning it could drain $6.6 trillion from the banking system due to a regulatory loophole. Banking groups, including the Bank Policy Institute, argue that the act prohibits stablecoin issuers from paying interest but allows crypto affiliate companies to offer high yields, effectively acting as shadow banks. This could trigger massive migration of deposits away from traditional banks, potentially restricting credit access for mortgages and business loans. Critics like Rep. Marjorie Taylor Greene also opposed the act, fearing it enables a central bank digital currency (CBDC). As the stablecoin market grows—now valued at $317.8 billion—the yield loophole drives adoption. Closing it may reduce stablecoins’ appeal as high-return investments and revert them to payment tools, posing a critical question: whether Congress will act to eliminate this risk or allow crypto shadow banking to persist.

ambcrypto01/08 07:06

The GENIUS Act can drain $6.6T from U.S. banks – THIS is how

ambcrypto01/08 07:06

RWA Weekly: Digital Yuan Wallets Implement Interest on Balances, Ondo's Tokenized Silver Product Surges Over 155% in Market Cap in 30 Days

RWA Weekly: Digital Yuan Wallets to Earn Interest, Ondo's Tokenized Silver Surges Over 155% This weekly report covers December 27, 2025, to January 2, 2026. The on-chain RWA market cap grew steadily to $19.21 billion, with holders nearing 600,000, though growth suggests potential demand constraints. Stablecoin market cap slightly declined to $2.97 trillion, but monthly transfer volume surged 13.77%, indicating an "efficiency-driven" phase. RWA protocol TVL has surpassed DEXes to become the fifth-largest DeFi category. In China, the PBOC announced plans to enhance the digital yuan management system, with six major state-owned banks introducing interest payments (0.05% annual rate) on balances in verified digital yuan wallets starting January 1, 2026, advancing its function toward M1. Cross-border adoption accelerated, with Bank of China completing the first QR code payment between China and Laos. Globally, the US FASB plans to study whether stablecoins can be classified as cash equivalents in 2026. India's central bank urged prioritizing CBDCs over private stablecoins due to financial stability concerns. Notable project developments include BlackRock's tokenized money market fund BUIDL distributing over $100 million in dividends, and Ondo's tokenized silver product (SLVon) surging over 155% in market cap to nearly $18 million. Commodity tokenization expanded with platforms like MSX listing copper, uranium, and oil tokens. The report highlights growing interest in tokenized commodities amid rising gold and silver prices, and discusses stablecoins' evolution toward programmable money and AI-driven "agent finance," emphasizing transparency and global reach as key advantages over traditional finance.

marsbit01/02 05:05

RWA Weekly: Digital Yuan Wallets Implement Interest on Balances, Ondo's Tokenized Silver Product Surges Over 155% in Market Cap in 30 Days

marsbit01/02 05:05

US Banks’ Push To Ban Stablecoin Rewards Could Hand Global Advantage To China, Execs Warn

Crypto industry leaders warn that U.S. banks' efforts to ban interest payments on stablecoins could undermine the competitiveness of the U.S. dollar and hand a strategic advantage to global rivals like China. This follows China's announcement that it will pay interest on its Digital Yuan (e-CNY) starting in 2026, granting it similar status to bank deposits. Coinbase’s Chief Policy Officer, Faryar Shirzad, cautioned that such a prohibition could weaken the impact of the recently passed GENIUS Act, which aims to solidify the dominance of U.S. dollar stablecoins. Other executives, including Coinbase CEO Brian Armstrong and Variant CLO Jake Chervinsky, echoed that this is not just a regulatory issue but a matter of national security, arguing that limiting stablecoin rewards could diminish the global role of the dollar and strengthen China's position in the digital currency landscape.

bitcoinist01/01 11:34

US Banks’ Push To Ban Stablecoin Rewards Could Hand Global Advantage To China, Execs Warn

bitcoinist01/01 11:34

What Impact Does Interest-Bearing Digital Yuan Have on Hong Kong's Digital Finance?

China's digital yuan (e-CNY) has entered a new phase with the introduction of interest-bearing wallets starting January 2026, transitioning from a "digital cash" to a "digital deposit currency" model. This makes it the world’s first CBDC to pay interest to general users, fundamentally changing its legal nature from a central bank liability to a commercial bank liability, while still backed by sovereign credit. This innovation addresses a core challenge faced by global CBDC initiatives: avoiding financial disintermediation while promoting adoption. By allowing commercial banks to manage and profit from e-CNY deposits, China has turned a potential competitor into a integrated part of the banking system, creating sustainable incentives for adoption and enabling new monetary policy tools. For Hong Kong, interest-bearing e-CNY is transformative development. It enhances the city’s role as an offshore RMB hub by encouraging longer-term retention of digital yuan within its financial system, especially through platforms like mBridge. It also strengthens Hong Kong’s digital asset ecosystem by providing a high-credit settlement option for tokenized assets, enables new fintech innovations around programmable money, and complements—rather than competes with—Hong Kong’s own wholesale-focused digital Hong Kong dollar strategy. Together, these advances support Hong Kong’s ambition to become an international digital asset center.

marsbit01/01 08:12

What Impact Does Interest-Bearing Digital Yuan Have on Hong Kong's Digital Finance?

marsbit01/01 08:12

China Turns To Interest Rates To Kick-Start Digital Yuan Adoption

China will allow commercial banks to pay interest on digital yuan (e-CNY) wallet balances starting January 1, 2026, shifting the digital currency from a cash-like instrument to a deposit-like asset. The People’s Bank of China (PBOC) introduced the new framework, which brings e-CNY under deposit insurance protection and requires non-bank payment providers to hold full reserves. By November 2025, e-CNY recorded 3.48 billion transactions totaling ¥16.7 trillion ($2.37 trillion). The move may influence where consumers and businesses store funds, as interest-bearing e-CNY becomes more attractive. Banks may face higher operational costs but could benefit from reduced nonbank platform deposits. The policy also strengthens cross-border testing and regulatory oversight.

bitcoinist12/30 20:07

China Turns To Interest Rates To Kick-Start Digital Yuan Adoption

bitcoinist12/30 20:07

China to Pay Interest on Digital Yuan to Boost Adoption

China's central bank will allow interest payments on commercial bank holdings of the digital yuan (e-CNY) starting January 1, 2026, transforming it from "digital money" to a "digital deposit currency." This move aims to boost adoption by making e-CNY more attractive compared to non-interest-bearing payment options. Digital yuan holdings will receive deposit insurance protection and be subject to interest rates aligned with existing deposit pricing guidelines. Despite technical maturity, e-CNY adoption has been challenged by dominant mobile payment platforms like Alipay and WeChat Pay. Meanwhile, China is expanding the digital yuan's cross-border usage through international partnerships and has established an e-CNY International Operation Center in Shanghai. The government continues to prohibit cryptocurrency trading and mining while advancing its state-backed digital currency.

TheNewsCrypto12/29 13:28

China to Pay Interest on Digital Yuan to Boost Adoption

TheNewsCrypto12/29 13:28

Crypto Giants Battle Banks Over Stablecoin Reward Programs

A coalition of over 125 crypto companies is advocating for the protection of stablecoin reward programs amid opposition from traditional banks. The dispute centers on the GENIUS Act, which currently allows platforms—but not issuers—to offer rewards. Banking groups are pushing to extend restrictions to platforms, arguing that such programs carry risks similar to interest paid by issuers. The crypto industry, led by groups like the Blockchain Association, compares these rewards to credit card incentives and warns that limiting them would harm competition and innovation. They emphasize that stablecoin rewards offer significantly higher returns than traditional bank accounts, which yield minimal interest, and argue that restricting these programs would primarily benefit large banks at the expense of consumers and fintech firms.

TheNewsCrypto12/20 09:03

Crypto Giants Battle Banks Over Stablecoin Reward Programs

TheNewsCrypto12/20 09:03

Crypto Industry Voices Opposition To Potential Limits On Stablecoin Rewards In Legislation

A coalition of cryptocurrency firms, led by the Blockchain Association, is urging the Senate Banking Committee to reject provisions in the recently passed GENIUS Act that could restrict stablecoin rewards. The legislation currently prohibits stablecoin issuers from offering interest but allows third-party platforms to provide rewards. The banking industry argues this is a loophole that could lead to deposit outflows, while crypto advocates maintain the law strikes a necessary balance for competition. They challenge the banks' claims, citing a lack of evidence linking stablecoins to reduced bank lending and accusing them of protectionism. Democrats suggest a compromise is possible to protect the banking system while permitting rewards.

bitcoinist12/19 14:40

Crypto Industry Voices Opposition To Potential Limits On Stablecoin Rewards In Legislation