Restricting interest-bearing stablecoins could reshape the global crypto landscape. If the US moves to ban yield features on stablecoins, it might inadvertently hand competitors a strategic opening. Markets would likely shift toward alternative jurisdictions offering better returns—think offshore stablecoin platforms or rival blockchain ecosystems gaining traction. The regulatory approach matters: heavy-handed restrictions could push innovation and capital flows eastward, benefiting regions with lighter regulatory touch. Meanwhile, stablecoin adoption in traditional finance depends on trust and utility. Penalizing yield mechanisms might slow mainstream institutional adoption while encouraging users to seek alternatives elsewhere. The real risk isn't just about stablecoins—it's about where the next wave of crypto infrastructure gets built.