White House Stablecoin Rewards Compromise Nears Resolution

The White House has made significant progress in resolving the stablecoin rewards dispute, with key stakeholders engaging in constructive discussions.

As part of the proposed compromise, firms would not be allowed to offer yields on idle stablecoins, a concession that has been sought by crypto companies for some time.

Negotiators have narrowed their focus to rewards tied to activity, such as transactions or network participation, which they believe will address concerns raised in a recent banking framework.