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US bank groups ask to close GENIUS Act’s stablecoin yield ‘loophole’

August 13, 2025 by DIGIT
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US bank groups ask to close GENIUS Act’s stablecoin yield ‘loophole’

US banking groups have urged Congress to close a so-called loophole letting stablecoin issuers offer yields through affiliate firms, fearing it undermines the banking system.

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  • bitcoinBitcoin(BTC)$88,173.000.08%
  • ethereumEthereum(ETH)$2,969.861.61%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$890.681.77%
  • rippleXRP(XRP)$1.90-0.53%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$125.611.07%
  • staked-etherLido Staked Ether(STETH)$2,970.541.51%
  • tronTRON(TRX)$0.294176-0.66%
  • dogecoinDogecoin(DOGE)$0.1242051.46%
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  • bitcoinBitcoin(BTC)$88,173.000.08%
  • ethereumEthereum(ETH)$2,969.861.61%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$890.681.77%
  • rippleXRP(XRP)$1.90-0.53%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$125.611.07%
  • staked-etherLido Staked Ether(STETH)$2,970.541.51%
  • tronTRON(TRX)$0.294176-0.66%
  • dogecoinDogecoin(DOGE)$0.1242051.46%