Stablecoins Challenge Traditional Banks as Yield Gap Widens and Regulatory Debate Intensifies

TLDR: Stablecoins like USDC and PYUSD now offer yields above 4%, far outpacing bank savings rates near 0.01%. The CLARITY Act missed its March 1, 2026 deadline amid heavy banking industry resistance in the Senate. Tokenized T-bills settle instantly and globally, cutting out SWIFT fees and traditional multi-day windows. JPMorgan analysts flagged CLARITY Act passage [...]

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