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

The profit from stablecoins has always been a target for banks.

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 in the future.

So can users still earn? Yes, but with conditions—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 what qualify for earning. Simply lying back and waiting for money to flow in may soon be blocked.

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

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