SkyBridge Capital founder Anthony Scaramucci warns that prohibiting stablecoin yield could make the U.S. dollar less appealing than the Chinese yuan. Banks advocate for a ban on stablecoin rewards, contrasting China’s move to allow interest on its digital yuan. Scaramucci questions which system emerging countries will choose.

Coinbase CEO Brian Armstrong supports stablecoin rewards, citing benefits for ordinary people and competitive advantage. The American Bankers Association opposes stablecoin rewards, fearing deposit flight from community banks. The Blockchain Association refutes claims of deposit flight risk and emphasizes incumbents’ revenue protection motive.

The debate over stablecoin yield has halted the Digital Asset Market Clarity Act’s progress. The bill originally aimed to restrict stablecoin rewards but now faces industry pushback for more favorable terms. Investors are urged to diversify across asset classes to manage risk and create long-term wealth.

Fundrise offers private-market real estate investing with low minimums and a focus on long-term growth. Rad AI provides AI technology investment opportunities. Arrived Homes enables fractional real estate ownership. Lightstone offers direct access to institutional-grade real estate. Domain Money offers personalized financial guidance.

Masterworks allows diversification into blue-chip art. BAM Capital provides multifamily real estate investment opportunities. The resistance to stablecoin yield is seen as a threat to the U.S. dollar’s competitiveness. Investors are encouraged to diversify their portfolios to mitigate market risks.

Read more at Yahoo Finance: Anthony Scaramucci Suggests Resistance To Stablecoin Yield Makes Yuan More Attractive Than The Dollar