If the Clarity Act passes with the yield ban, the 5% yield on USDC and similar stablecoin rewards on platforms like Coinbase will vanish, forcing users back to traditional low-yield savings accounts or offshore platforms.
"In this world, your 5% yield on USDC vanishes overnight. Coinbase and other platforms would be forced to stop offering rewards. You would be forced back into the 0.39% savings accounts, or you would have to move your funds offshore to risky, unregulated platforms just to beat inflation."