Proposed updates to the Clarity Act could limit how stablecoin rewards are offered, posing the biggest risk to centralized crypto platforms such as Coinbase (NASDAQ:COIN), according to Needham Research.
Stablecoin Rewards In Focus
Needham said a key concern is a potential ban on passive yield for stablecoin holders on exchanges.
Such a move would affect platforms like Coinbase, where earning yield has been a major driver of user adoption. In contrast, decentralized finance platforms are expected to remain largely unaffected, as their rewards are typically classified as “active” rather than passive.
The final …