US senators and White House reach stablecoin yield compromise ahead of April vote

US lawmakers and White House officials agreed in principle on Friday to settle rules for yield on stablecoins, aiming to unblock broader crypto legislation in the Senate Banking Committee. The framework would still prohibit issuers from paying interest directly, while allowing platforms to offer regulated rewards tied to reserve-backed instruments, with caps linked to Treasury rates under discussion. The compromise is expected to be put into formal text before an April committee vote.