Despite stablecoin issuers having terrifying net profit margins and a very stable income source primarily from government bonds, both the previous European "Crypto-Asset Market Regulation" and the current forefront U.S. "GENIUS Act" prohibit stablecoin issuers from paying any form of interest to holders. It seems like the state is forcing issuers to become wealthy without sharing profits with the public. In reality, this restriction leaves a last shred of decency for the current traditional finance represented by banks, or it could also be a final piece of territory left by traditional finance in the game, firmly pinning stablecoins down to the realm of payment settlements, castrating their savings and investment capabilities, so that traditional finance doesn't die too disgracefully.
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