TechFlow news: On January 28, Matrixport released its daily analysis stating that the U.S. GENIUS Act is expected to prohibit stablecoins from paying interest or yield to holders, prompting capital to shift toward alternatives such as tokenized money market funds. USDC has seen approximately $6.5 billion in net redemptions over the past six weeks, leading to a contraction in stablecoin liquidity and weakening short-term purchasing power in the crypto market. Meanwhile, capital is flowing out of stablecoins and into traditional safe-haven assets such as gold and silver. Circle has shifted its strategic focus from “market capitalization” to “transaction activity,” advancing real-world use cases and payment adoption of stablecoins through the Circle Payment Network and partnerships with enterprises like Intuit.
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