Both the US GENIUS Act for stablecoins and the EU’s MiCA regulations prevent the payment of interest on stablecoins by the issuer. The rationale is to reduce direct competition with banks for depositors. MiCA takes it a step further and stops crypto service providers from paying interest. So Coinbase is allowed to pay stablecoin rewards to its US customers, but in the EU, MiCA blocks it from doing so. That makes the EU appear bulletproof in terms of remunerating stablecoin users. But there may be workarounds.
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