The Office of the Comptroller of the Currency suggested that rewards provided at least in part for reasons other than solely holding or using a stablecoin fall outside the GENIUS Act's statutory prohibition

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.