Odaily Planet Daily News: Will Beeson, founder of RWA liquidity platform Multiliquid and Uniform Labs, and former head of tokenized assets at Standard Chartered Bank, said that in the context of increasingly fierce competition in stablecoins, how to provide users with returns will become the key. He pointed out that the GENIUS Act prohibits issuers from paying interest or returns directly to holders, but does not restrict third parties such as exchanges from providing interest or rewards. For example, Coinbase currently pays interest on USDC balances on the platform. Beeson said that this "loophole" has become the focus of the game between Wall Street and the crypto industry. Bank lobbying groups are worried that high-yield stablecoins will absorb up to $6.6 trillion in bank deposits, and are pushing Congress to further tighten relevant provisions. (Decrypt)