Can US or EU retail users legally earn interest?

[bonk]

A: Generally no. US GENIUS Act and EU MiCA prohibit issuer-paid interest on stablecoins. Yield-bearing products are treated as securities, often restricted to qualified or offshore investors. Tax reporting obligations are significant.

[Abdul Khan]

Stablecoin yields sound nice, but under GENIUS Act + MiCA they’re basically securities. Retail access is super limited. ️

[EmTeam]

Issuer-paid interest on stablecoins? Not allowed in the US or EU. Only qualified or offshore investors can usually touch those products.

[Rimon Khan]

MiCA + GENIUS Act treat yield-bearing stables as securities. Big tax + reporting overhead makes them unattractive for most.