The USOCC has finalized its GENIUS Act rules, dropping proposed restrictions on stablecoin rewards and leaving a major fight between banks and crypto firms unresolved.

According to @iampaulgrewal, denying stablecoin users the ability to earn rewards like other asset holders is irrational, signaling explicit support for allowing rewards on stablecoin balances, source: https://twitter.com/iampaulgrewal/status/2012296668964864160. He states that references to deposit flight are bank lobbyist language for competition, highlighting a pro-competition framing of stablecoin reward programs, source: https://twitter.com/iampaulgrewal/status/2012296668964864160. For traders, this stance spotlights the policy narrative around stablecoin rewards and competition with bank deposits as a factor to monitor when assessing platforms that may offer or restrict reward features on stablecoin balances, source: https://twitter.com/iampaulgrewal/status/2012296668964864160.

According to @s_alderoty, new data from The National Crypto Association shows strong U.S. public support for allowing stablecoin rewards and little appetite for government action to block them. Source: https://twitter.com/s_alderoty/status/2011446599948324900 With Congress actively debating stablecoin policy, this public sentiment is a key input for traders tracking U.S. stablecoin market access and the availability of reward programs. Source: https://twitter.com/s_alderoty/status/2011446599948324900

According to the source, a revised draft of the U.S. CLARITY Act allows stablecoin rewards tied to payments, staking services, and wallet usage while banning interest paid solely for passively holding tokens (source: U.S. Congress draft text, Jan 2026). For traders, the draft clarifies that compliant yield structures are activity-based rather than savings-like interest on idle stablecoin balances, affecting exchange, wallet, and DeFi program design if enacted (source: U.S. Congress draft text, Jan 2026). Under the draft, platforms would need to structure incentives around user actions and discontinue passive interest for simple holding to meet compliance upon enactment (source: U.S. Congress draft text, Jan 2026). Trading takeaway: prioritize activity-driven rewards over passive stablecoin interest when evaluating yield opportunities and monitor issuer and platform policy updates aligned to the draft’s requirements (source: U.S. Congress draft text, Jan 2026).

According to @jchervinsky, U.S. banks are pressing Congress to ban rewards on U.S.-issued stablecoins, which he characterizes as a national security issue with direct market-structure consequences, not just incumbent protection, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, the GENIUS Act delivered a strategic win for U.S. dollar dominance by enabling rewards on compliant dollar stablecoins, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, revisiting or banning stablecoin rewards would hand a competitive advantage to China and other non-U.S. alternatives, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky citing @faryarshirzad, the People’s Bank of China plans to pay interest on the Digital Yuan (e-CNY), highlighting direct competitive pressure against U.S.-ruled stablecoins, source: @faryarshirzad (X, Dec 31, 2025) as cited by @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, Senate negotiations on the market structure bill are pivotal because mishandling stablecoin rewards could grant non-U.S. stablecoins and CBDCs a critical edge and undermine the primacy of U.S.-regulated dollar stablecoins as future settlement instruments, source: @jchervinsky (X, Dec 31, 2025). According to @jchervinsky, tokenization is the future and preserving stablecoin rewards is integral to maintaining U.S. dollar primacy in on-chain settlement, source: @jchervinsky (X, Dec 31, 2025).

According to @binance, users who buy crypto on Binance with Mastercard receive 1% cashback paid in USDC, as announced in an official X post dated Dec 5, 2025. Source: Binance official X post, Dec 5, 2025. For traders, the 1% USDC rebate reduces the effective fiat-to-crypto acquisition cost by 1% before any card issuer or exchange fees, improving entry pricing and cost basis management. Source: Calculation based on the 1% figure disclosed by Binance on X, Dec 5, 2025. Binance directs users to the campaign page to learn more about the 1% USDC cashback when using Mastercard. Source: Binance official X post, Dec 5, 2025.