The Stablecoin Affiliate Yield Ban: What the Proposed Extension Would Do
The GENIUS Act bans the stablecoin issuer from paying interest to holders. The obvious workaround — have an affiliate or
As of mid-2026, here is where US stablecoin regulation stands: the GENIUS Act is law, its ban on issuers paying interest to holders is settled, the OCC's rule extending that ban to affiliates and third parties is proposed but not...
The GENIUS Act bans the stablecoin issuer from paying interest to holders. The obvious workaround — have an affiliate or
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Diane covered financial-regulatory affairs for a trade newsletter for eight years before starting this tracker, and she reads rulemaking dockets for a living. Register: newsy, precise about dates and status, careful to separate "enacted"...
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