The GENIUS Act is reshaping stablecoins by separating payment tokens from yield-generating ones, says Sygnum’s Fabian Dori.
The move brings the U.S. closer to Europe’s MiCA and offers clarity for builders to launch real-world applications.
With interest-earning stablecoins restricted, companies like PayPal, Amazon, and Walmart are exploring stablecoins for payroll and payments. For those seeking yield, tokenized treasury funds offer 4–5% returns without regulatory confusion.
OKX’s Jason Lau says “utility beats yield now,” while Polygon’s Aishwary Gupta notes payment volumes on their network jumped 190% to $563M. One African partner is preparing to launch with 185 million phone users.
This pivot has sparked renewed interest in programmable finance. Real-time settlement, low fees, and smart contract integration are becoming the new benchmarks for stablecoin innovation—especially as institutional players look to streamline operations.
At the same time, DeFi platforms may emerge as major winners. Lau notes that clearer rules will push stablecoins deeper into on-chain ecosystems, where they already power lending, payments, and tokenized assets—without relying on risky interest mechanics.
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Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/genius-act-shifts-stablecoin-focus-from-yield-to-utility/