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0.00035083374607895 -0.000652550767706746 -0.00165098233448893 -0.00111441307578001 0.00177480600957573 -0.00359088657751352 -0.00548951626217593 -0.00716820620769361
Stock impact report

Customers are benefitting from the global stablecoin arms race — but that won't last forever [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
But now that the GENIUS Act is allowing stablecoins to go mainstream, the battleground is shifting. Stablecoin issuers are all frantically looking for ways to offer the highest possible rewards to their customers in order to gain market share, even if it means drastically cutting into their own margins. It's easy to understand why. The issuers that manage to grab a big slice of the stablecoin market today are pretty much guaranteed long-term dominance in payments. While it's still hard to tell which players will emerge victorious from this race, one thing is for sure: this competition will massively benefit stablecoin users all around the world — at least in the short-term. Over long time horizons, yields are likely to go back down once the stablecoin winners are properly established. Technically, under the GENIUS Act, stablecoin issuers aren't allowed to directly offer interest to their users. But firms have found an easy workaround by partnering up with various exchanges, whic Show less Read more
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