#美国消费者物价指数发布在即 A stablecoin earning model faces a turning point, the draft of the "Clarity Act" may become a watershed

The profit from stablecoins has always been on the bank's radar.

Latest leaks show that a draft of the "Clarity Act" (page 189) is circulating in Congress, and one key clause directly targets stablecoin interest: companies can no longer rely solely on user coin balances to distribute interest.

Can users still earn? Yes, but with conditions—the rewards must be linked to genuine activities. Opening accounts, trading, asset staking, injecting funds into liquidity pools, participating in network governance—these "real" operations are the only ones eligible for earnings. Simply lying back and waiting for money to flow in might soon be blocked.

The biggest current suspense is that senators have 48 hours to give feedback, and when the Thursday version is released, will this clause be softened? Honestly, a while ago, some users relied on "holding stablecoins for interest" as passive income. If these rules are enforced, the "sleeping income" dream will basically be shattered. Conversely, the banks have always envied the "quasi-deposit" nature of stablecoins, and this draft seems to give them a green light.

Now everyone in the circle is waiting for the follow-up—will the clause be watered down, or will the stablecoin interest margin be completely sealed off? The next 48 hours of game-playing will likely directly impact many investors' income statements.