The Office of the Comptroller of the Currency will review third-party yield and reward arrangements on a case-by-case basis through license applications, ongoing supervision, and public guidance

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.