July 18 GENIUS Rules Bar Yield, DeFi Pays Up To 8%
The GENIUS Act’s final rules land July 18, banning stablecoin yield and pricing out $200M issuers. DeFi on Ethereum and Solana still pays up to 8%.
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Ondo USDY Jumps 66% As Ethena sUSDe Sheds $2B
Yield-bearing stablecoins shed $3.5B in Q2 2026 as Ethena’s sUSDe fell 52%. Ondo’s USDY jumped 66%, marking a rotation from synthetic to RWA yield.
