The Office of the Comptroller of the Currency (OCC) finalized a rule on stablecoin payouts effective January 2027, which does not outright ban Coinbase's 3.75% USDC rewards but leaves them open to regulatory challenge. Coinbase pays these rewards to Coinbase One members, funded by revenue-sharing with Circle, the USDC issuer. While the rule avoids a strict presumption that such rewards violate the GENIUS Act's ban on stablecoin interest, it offers no safe harbor, meaning the OCC can still decide if the program bypasses the law. This uncertainty impacts Coinbase's stablecoin revenue, which was $292.1 million in Q2 2026, about a quarter of its net revenue, making the future of these rewards critical for the company and its investors.
The Coinbase USDC rewards program and related regulatory developments provide context for cryptocurrency market trends. For readers following crypto markets, here is Pluang's snapshot as of Oct 23, 2026 03:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 4 rose and 45 fell today. Notable movers include EOS (EOS.IO) up 8.13% at Rp12.649, ZIL (Zilliqa) down 8.29% at Rp37, and SAND (The Sandbox) down 7.72% at Rp973. EOS showed the strongest positive change among these.
Randstad reported revenue and earnings that exceeded expectations, driven by improving business trends and key labor markets. This positive performance signals momentum in the employment services sector. RBC Capital maintained a 'Sector Perform' rati...
MSC Industrial Supply reported strong Q4 results with revenue rising 10.3% year-over-year to about $1.08 billion, surpassing estimates. Adjusted earnings per share increased to $1.45 from $1.09, also beating expectations. Full-year sales grew 6.4% to...
ARMOUR Residential REIT reported a $327 million net loss for Q3 2026, driven by higher interest rates that reduced its book value by 17% to $14.55 per share. Despite the loss, the company earned $83.7 million in net interest income and $102.3 million...
Southern Company, an electric and gas utility, clarified it has no connection to a Mexican silver mining project, dispelling recent rumors. HSBC initiated coverage of Southern Company with a Buy rating, with shares trading at $90.39 at the time. The ...
Remittix is set to add 41 new fiat currencies to its PayFi ecosystem, enhancing crypto-to-bank and bank-to-crypto transactions globally ahead of its November 24 RTX launch. This expansion aims to support more international markets and users, includin...
