Policy · Updated 21 Oct, 10:08 pm IST
US regulators allow crypto exchanges to pass interest-like rewards to customers
Why it matters for readers: It shows regulators are distinguishing between issuers and platforms when deciding who can pass on earnings.
- Regulators said cryptocurrency exchanges may pass along earnings from securities backing stablecoins to customers as interest-like rewards.1
- The Office of the Comptroller of the Currency published the guidance as part of implementing the GENIUS Act signed last year.1
- Stablecoin issuers such as Circle remain prohibited from directly paying interest to people holding their coins under the new rules.1
- Exchanges like Coinbase and Robinhood can pass along yields from the bank deposits and U.S. Treasuries that back stablecoins on a case-by-case basis.1
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