The Banks are scared of Stablecoins (and the GENIUS Act proves it)!

Wall Street is lobbying hard against stablecoins because they know they’re losing the battle for deposits. Recent proposed changes to the GENIUS Act aim to stop Coinbase from paying yield on USDC, but this might actually be a massive "Buy the Rumor" moment.

If rewards pivot from "holding" to "spending" (like credit card points), it could accelerate stablecoin payment adoption even faster. Ultimately, I don’t see a world where the banks are able to permanently stop stablecoin’s adoption. The recent stock drop might be a gift for long-term investors.

Dive into our breakdown of Coinbase here: