Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act
Market Intelligence Analysis
AI-PoweredAnchorage Digital is exploring a compliant method to offer yield-like rewards on Ethena's tokens under the GENIUS Act, despite existing prohibitions on interest payments for stablecoins. This innovative approach could attract interest from investors looking for yield in a regulated framework.
Market impact analysis based on bullish sentiment with 76% confidence.
Article Context
The U.S. stablecoin law prohibits paying interest on stablecoins, but Anchorage aims to offer a template to distribute yield-like rewards to token holders to stay compliant.
Analysis and insights provided by AnalystMarkets AI.