May 3
OCC Stablecoin Yield Ban Could Hit Distribution Partners, Consensys Says
Stablecoins could face disrupted distribution under proposed OCC rules that broaden yield restrictions beyond issuers. Consensys warned the framework may impact related third parties,
➤ Consensys has raised concerns that proposed OCC rules under the $GENIUS Act could disrupt stablecoin distribution by extending yield restrictions to third-party partners. ➤ The firm argues the proposal misinterprets DeFi activity and independent distribution arrangements, potentially limiting market access and multi-brand issuance. ➤ The regulatory outcome of these proposals is expected to significantly shape the future landscape and consolidation of the stablecoin market.
