The proposed restriction on yield would shift value toward regulated players and away from decentralized finance' tokens, 10x Research's Markus Thielen said. The CLARITY Act would ban yield on stablecoins, redefining them as payment tools, not savings products. The proposal, if passed, could re-centralize yield into traditional finance and regulated products, creating a headwind for decentralized finance (DeFi), 10x Research's Markus Thielen argued. The shift would favor Circle (…
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