[Ledger Executive: If the U.S. Bans Stablecoin Yields, Other Countries May Fill the Gap] Odaily Planet Daily reports that Takatoshi Shibayama, Head of Asia-Pacific at Ledger, stated that if the U.S. enforces a broader ban on stablecoin yields, discussions will likely arise among institutions, stablecoin issuers, and regulators in other countries. He noted that countries like Australia have already provided regulatory exemptions for stablecoin issuers. However, most stablecoins currently do not offer yields or rewards to users, even outside the U.S., in order to protect the interests of banks. If U.S. policies change, discussions between stablecoin issuers and regulators in various countries about allowing yields to be passed on to users will significantly increase. Currently, the U.S. Senate is advancing a crypto regulatory bill, but the legislation has stalled due to provisions—backed by banking industry lobbying groups—that would prohibit third-party platforms from offering stablecoin yields. Crypto industry lobbying groups have opposed these provisions. Shibayama also mentioned that the way Asian financial institutions approach the crypto industry has shifted. Since last year, there has been a certain degree of decoupling between crypto and blockchain technology. Institutions are now more focused on tokenization of financial products and stablecoin issuance rather than crypto-native products like DeFi and staking. Cryptocurrencies such as Bitcoin and Ethereum have been excluded from these discussions. However, asset management firms are still considering launching crypto products to diversify client offerings.