2026-01-09 10:21:19

A notable perspective emerged on stablecoin regulations: restricting rewards only when stablecoins are used for actual payments wouldn't solve the core issue. Critics point out this approach essentially functions as a hidden holding tax on users. Even if you limit reward mechanisms to payment scenarios, you're still disincentivizing people from simply storing or holding stablecoins as part of their crypto portfolio. The economic effect mirrors a tax that penalizes retention. This highlights the deeper tension between encouraging stablecoin utility and avoiding regulatory measures that inadvertently create unfavorable conditions for holders.

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OfflineNewbie

· 01-11 15:28

In plain terms, regulators want to scoop up some benefits but also want to pretend nothing's wrong, only to end up shooting themselves in the foot.

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CommunityJanitor

· 01-11 03:14

Is this regulatory approach really trying to kill stablecoins? Restricting rewards is just a disguised way of harvesting profits from investors.

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ChainSpy

· 01-10 22:54

Regulation is basically just a disguised form of taxation. Do they even have the audacity to call it encouraging usage?

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FlashLoanLarry

· 01-09 10:51

This regulatory move is really clever. On the surface, it only restricts rewards in payment scenarios, but in reality, it's secretly taxing holders. Quite a clever play.

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Tokenomics911

· 01-09 10:50

In plain terms, it's regulatory cutbacks and restrictions on rewards that create an invisible tax, directly cutting into holders.

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PuzzledScholar

· 01-09 10:49

Here comes the sheep shearing again, not letting us enjoy free riding. The regulators are really unbeatable.

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BearMarketMonk

· 01-09 10:38

Uh, isn't this just a disguised way of cutting leeks? The regulators are too naive. --- Hidden holding tax... Just hearing it makes my skin crawl. Might as well not play at all. --- This logic is a bit convoluted. To put it plainly, they just want to force you to spend, right? --- It's 2024 and they're still playing these tricks. Do they really think we're fools? --- So, do they want to promote payments or restrict usage? The regulators are contradictory. --- If there's no yield, people won't hold. Anyway, there are other options. --- The bear market has lasted so long, there's basically no profit. Now I really don't want to touch it anymore. --- After this series of moves, the appeal of stablecoins has dropped to the bottom. --- Rather than restricting rewards, it's better to ban them outright. Don't bother with this hypocritical middle ground. --- Fined for holding? Then why should we even hold stablecoins?

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OnchainUndercover

· 01-09 10:36

Basically, this is just the regulatory body's way of diverting attention; they haven't thought it through at all.

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