Coinbase Backs ProShares GENIUS ETF For Stablecoin Reserves
Coinbase took a stake in the ProShares GENIUS ETF (IQMM), the fund holding short-term Treasuries that back stablecoins like USDC. Here is the DeFi angle.
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CLARITY Act Keeps Idle Stablecoin Yield Ban, Draft Delayed
The CLARITY Act draft keeps its ban on rewards for idle stablecoin balances while allowing transactional yield. Here is what it means for DeFi wallets.
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FDIC’s GENIUS Act Rule Bars Direct Yield Claims, Opens 60-Day Comment
The FDIC voted Tuesday to propose a 191-page stablecoin issuer rule under the GENIUS Act, restricting direct yield claims and opening 60 days for 144 questions.
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90% Odds On CLARITY Act After Third White House Yield Meeting
Ripple’s Garlinghouse pegged CLARITY Act passage odds at 90% after a third White House meeting on stablecoin yield. Polymarket sits at 72%, sources at 25-60%.
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MiCA 2.0 Opens DeFi Licensing, Stablecoin Yield Review
The European Commission opened MiCA 2.0 consultation on May 20, 2026, targeting DeFi licensing and reopening the stablecoin yield question for retail wallets.
