Based on the obtained text, this compromise imposes significant restrictions on the rewards and returns offered by stablecoins. The protocol explicitly states that all reward mechanisms "economically or functionally equivalent to" interest on bank deposits will be prohibited. This broad restriction aims to prevent stablecoins from directly competing with traditional bank savings products, responding to long-standing concerns in the banking industry about "deposit outflows."

However, the protocol does not implement a blanket ban but retains considerable flexibility. Stablecoin balances can be used for reward mechanisms but must pass an "equivalence test." This means cryptocurrency companies can still offer incentives to users under certain conditions, but high-yield models mimicking bank interest structures will be blocked.
Coinbase Chief Policy Officer Faryar Shirzad confirmed this breakthrough on social media and revealed that the final text has been made public. He pointed out that after months of negotiations, Coinbase reached an agreement with White House, Treasury Department, and Senate officials. "In the end, the banks secured more restrictions on rewards, but we protected the most valuable thing — Americans’ ability to earn from their activity on crypto platforms and networks,"