Banks Push To Block Stablecoin Yields [Forbes]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Forbes
But stablecoin advocates argue the campaign is less about protecting financial stability and more about protecting a $187 billion annual profit engine that banks derive from payment processing fees. The fight, now unfolding in the corridors of Congress amongst lobbyists on both sides of the issue, underscores the stakes as stablecoins transition from niche crypto instruments to mainstream payment rails. At the center of the controversy is whether issuers who hold dollar deposits backing stablecoins should be allowed to earn interest, or whether such activity should remain the exclusive domain of traditional banks. Banking Lobby Pressures Congress to Ban Stablecoin Yield Programs In an August letter to top members of the Senate Banking Committee, more than 40 state banking associations joined the American Bankers Association in calling for Congress to strengthen the ban on interest payments contained in the newly enacted GENIUS Act. “The associations support the GENIUS Act's
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COIN
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- 10/30/25 - Beat
COIN
Sec Filings
- 12/22/25 - Form 144
- 12/22/25 - Form 4
- 12/18/25 - Form 144
- COIN's page on the SEC website