# A loophole in the GENIUS Act allows stablecoin platforms to offer rewards that function like interest on deposits.

*fintech · news · 2026-05-16 · Topeka Capital-Journal*

## Key points

- A loophole in the GENIUS Act allows stablecoin platforms to offer rewards similar to bank interest.
- Stablecoin incentives could prompt up to $6.6 trillion in U.S. bank deposits to move away.
- This shift may result in $325 billion fewer loans for American households and businesses.
- Stablecoin platforms like Coinbase and PayPal are already utilizing these reward programs for their models.

**Companies:** Coinbase, PayPal
**Countries:** United States

[Read the full story on Topeka Capital-Journal](https://www.cjonline.com/story/opinion/columns/2026/05/16/stablecoin-loophole-impacts-kansas-community-banks/89979324007/)

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