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Compliant Rails

How fintechs, operators, and money transmitters run stablecoin rails and offer yield witho

Author: Hannah Levi

Hannah spent a decade in payments-compliance and fintech-infrastructure roles, most recently helping operators map product ideas onto the licenses and rails that make them legal. She writes for the person who has to ship. Register: practical, checklist-friendly, operator-to-operator; she would rather give you a decision than a lecture, and she always says where counsel is required.

How Fintechs Offer Stablecoin Yield Compliantly

Fintechs offer stablecoin yield by separating two things the GENIUS Act says must stay separate: the stablecoin (a payment instrument the issuer may not pay interest on) and the yield product (a separate offering the customer opts into). Do that cleanly and yield is a…

GENIUS Act Compliance Checklist for Fintechs

The GENIUS Act compliance question, boiled down for operators, is short: is the issuer paying interest (it must not), is the stablecoin fully reserved and redeemable, and is any yield delivered through a separate, opt-in product rather than the coin? Everything else is detail around…

Money Transmitter Rules for Stablecoin Operators

If your product moves stablecoins on behalf of customers, you are very likely engaged in money transmission — and that generally means you need state money-transmitter licenses (and federal MSB registration), or you build on a rail whose operator holds them. The GENIUS Act added…

Wrapper/Vault Yield vs. Issuer-Paid Yield: How to Structure It

For an operator, the compliant choice is not “yield or no yield” — it is “wrapper/vault yield” versus “issuer-paid yield.” The first is lawful; the second is prohibited by the GENIUS Act (§4(a)(11)). The difference is structural: a wrapper or vault earns from its own…

All content on this site is independent analysis, not legal advice — always do your own research.