Coinbase & PayPal Defy GENIUS Rules—Unlocking Stablecoin Rewards in 2025
Crypto giants double down on dollar-pegged incentives—regulators scramble to keep up.
How they're doing it:
1.
The End-Run Playbook
: Coinbase's yield-bearing wallets and PayPal's Venmo integrations sidestep restrictions by leveraging 'utility' loopholes. Classic fintech innovation—or regulatory arbitrage? You decide.
2.
Stablecoin Arms Race
: USDC and PYUSD now offer 5-7% APY through 'rewards programs'—because calling it 'interest' would trigger SEC alarms. Banks hate this one trick.
3.
The Compliance Tightrope
: Both companies insist they're 'fully compliant' while quietly updating terms of service. Meanwhile, GENIUS enforcement letters pile up like unread whitepapers.
Bonus jab: Nothing unites crypto bros and legacy finance like finding creative ways to pretend yield isn't yield.
