Stablecoin Inflows Rebound as Yield Debate Stalls US Market Structure Bill
Stablecoin inflows surged to $1.7 billion last week as debates over yield-bearing stablecoins stall progress on US crypto market structure legislation.Summary
Weekly net stablecoin inflows rebounded significantly, increasing by 414.5% to $1.7 billion, according to a Messari research report. This recovery also resulted in a positive 30-day average of $162.5 million in daily inflows, alongside a 6.3% rise in transaction volumes. The increased demand coincides with ongoing debates in Washington regarding yield-bearing stablecoins, with banking groups arguing against allowing issuers to pay yield to prevent deposit flight from traditional banks. The Senate Banking Committee’s markup of a related bill has been indefinitely postponed due to these disputes. Former President Trump also criticized banks for hindering the bill's progress. The GENIUS Act aims to prohibit yield on payment stablecoins, while the CLARITY Act seeks a broader regulatory framework for digital assets.
(Source：Cointelegraph)