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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$305M Coinbase USDC Yield At Risk As OCC Closes GENIUS Loophole
Coinbase reported $305M Q1 2026 stablecoin revenue from a 3.5% USDC reward the GENIUS Act did not catch. The OCC’s rebuttable presumption rule now targets it.
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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%.
