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Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

Coin Telegraph LogoCoin Telegraph14h ago

Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor - Coin Telegraph

Quick Summary:

Source: SECFigure Markets is by no means the only player going down the yield-bearing stablecoin route. In February, Tether co-founder Reeve Collins announced that his Pi Protocol will allow investors to mint the USP stablecoin in exchange for USI, an interest-paying equivalent. Spark Protocol’s USDS also offers holders interest payments generated through decentralized lending and tokenized Treasurys. Stablecoins have come a long way since October 2014, when Tether launched USDt.

Related: Pareto launches synthetic dollar backed by private creditThe rise of yield-bearing stablecoinsCampbell’s scathing assessment of the traditional banking industry comes amid a wave of stablecoin issuers launching yield-bearing tokens. As reported by Cointelegraph, the US Securities and Exchange Commission (SEC) in February approved the first yield-bearing stablecoin security by Figure Markets.

America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting.

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Article Details

Author / Journalist: Cointelegraph by Sam Bourgi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 17:16:14 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 446 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28891765

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 35 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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