Dispute Between Banks and Stablecoins Over Interest

Ongoing for several months
Currently coming to a temporary resolution
The final compromise result is: reward programs based on user stablecoin activity are allowed, but balance-based rewards are prohibited
In plain terms, it is prohibited to pay deposit-like returns for holding stablecoins, but rewards tied to active behaviors such as spending and transfers are allowed, in order to prevent stablecoins from draining deposits from traditional banks
Overall, from previous prohibition to now opening a window, in the long run, this represents a significant change for the market