Stablecoin products are underway for regulations that will allow interest for interest rates. Sector representatives are mentioned in a system that can provide user incentives in a similar way to existing deposit accounts.
Stablecoin return
In the arrangements, it is envisaged that the revenues they obtain by depositing the reserves in the hands of Stablecoin exporters to low -risk assets (bonds, bonds) will be shared with users. In this context, discussions on some laws are being discussed and relevant law proposals entered the committee voting.
Recently, the drafts of 18-6 votes from the Senate Banking Committee and 32-17 votes from the Assembly Financial Services Committee came up. One bill forbids the payment of stablecoin exporters from income to the user, while the other statements on the subject seem to have been left more uncertain.
Stablecoin Law Discussions
While sector representatives argue that an interest application that is similar to existing financial products can be applied to crypto assets, different opinions are expressed in the field. These discussions bring about the expectations of the flexibility of regulations and market balances.
Coinbase CEO Brian Armstrong said, “Unlike interest -generated savings accounts, stablecoin products cannot benefit from current securities exemptions.”
On the other hand, traditional financial institutions warn that this regulation may damage the role of banks by banks. The evaluations on the subject seem to have been discussed in terms of competition balance and regulatory obligations among the sectors.
“This may pose serious risks to damage the basic function of banks,” American Bankers Association said.
Various opinions are put forward on the effects of these bills that may increase the charm of the crypto asset market and that may be reflected in the financial system. The current discussions are reported to be evaluated by regulatory institutions and law makers in the light of different scenarios.
In line with the developments and explanations, speculation continues that future deposit -like practices can find a place in the digital asset market. The decisions of the organizers may play a decisive role in the structural transformation of the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
