Coinbase Warns U.S. Stablecoin Yield Ban Gives China an Edge
- Risk of Yield Restrictions: Coinbase's Chief Policy Officer Faryar Shirzad warns that the GENIUS Act, which prohibits U.S. dollar stablecoins from paying interest, could undermine U.S. competitiveness in digital currencies, especially as countries like China begin offering interest on digital yuan holdings.
- Market Impact Analysis: The act applies to the two largest stablecoins, USDT and USDC, which together represent a $217 billion market, requiring issuers to report reserves monthly, potentially disadvantaging U.S. stablecoins in attracting institutional investors.
- Challenges for Banking Systems: Despite the rise of stablecoins, approximately $27 trillion in Nostro and Vostro accounts remain the primary tools for cross-border payments, with projections suggesting this could exceed $50 trillion, indicating traditional banks' cautious stance towards stablecoins and CBDCs.
- China's Digital Yuan Push: The People's Bank of China plans to implement a new policy on January 1, 2026, allowing commercial banks to pay interest on digital yuan holdings, marking a shift from digital cash to a
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00285 | 0.00634 | 0.0143 | 0.0235 | 0.0315 | 0.0407 | 0.0487 |
| Fibonacci | 0.00634 | 0.0129 | 0.017 | 0.0235 | 0.0301 | 0.0341 | 0.0407 |
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