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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.

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…

Independent editorial resource. Not financial, legal or tax advice.