Story perspectives
US Crypto Advocates Push for Stablecoin Yield Clarity
3/19/2026
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Story summary
- US crypto advocates seek legislative clarity on stablecoin yields in response to China's new interest-bearing e-CNY.
- Experts say the US and China pursue different digital-asset strategies, with Andrew Fei of King & Wood Mallesons describing the competition as intense and asymmetrical.
- The crypto industry backs the Clarity Act to permit interest on stablecoins, despite banks warning this could divert deposits and hinder lending.
