Coinbase, PayPal Press Forward With Stablecoin Rewards Despite GENIUS Prohibitions–Here’s How

In brief Top U.S. companies like Coinbase and PayPal have recently doubled down on offering customers 3% to 5% rewards on stablecoin desposits. The GENIUS Act, passed last month, prohibits stablecoin issuers from offering yield to holders. But Coinbase no longer issues USDC, and PayPal lets a third-party company issue its native PayPal stablecoin, permitting...