🚨what the fuck? Is this true?——

According to Coindesk news, the cryptocurrency legislation "Clarity Act" has added revised terms:

It prohibits stablecoins from generating "yield-type income" like bank deposits, allowing only "behavioral rewards" based on user transactions and delivery actions.

Clearly, this rule is actually severing the transmission relationship between stablecoins and government bond yields.

If this is the case, stablecoins will likely only have two forms in the future:

1⃣ The underlying is purely a settlement tool, without interest rate attributes (but no one will want to use dollars that don’t yield returns);

2⃣ Yields are squeezed to the upper layers, realized through leverage, market making, structured strategies, and protocol subsidies.

Familiar DeFi pathways...

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