The U.S. Senate is advancing legislation on the structure of the crypto market, with stablecoin yield issues becoming a point of controversy. Democratic Senator Angela Alsobrooks and Republican Senator Tom Tillis are working together to seek a compromise, emphasizing the need to find a balance between the crypto industry and the banking sector to avoid impacting financial stability. The banking industry hopes to restrict stablecoin yield payments to prevent capital outflows from the banking system, while the crypto industry opposes this restriction, arguing that yields are key incentives for users. Future regulatory frameworks need to consider the interests of both sides.

The CLARITY Act is progressing slowly in the U.S. Senate, mainly due to disagreements over stablecoin yield mechanisms. Senators are seeking a compromise, but the banking industry remains cautious, hoping to pass legislation before the 2026 elections. Time is tight, and whether the bill will pass remains uncertain.

Gate News bot message, according to the official Gate announcement on March 11, 2026 Gate launches "Crazy Wednesday" event, running from 14:00 on March 11, 2026, to 16:00 on March 15, 2026(UTC+8). Users can unlock blind boxes by completing multiple tasks such as flash swaps, spot trading, and futures trading, with a chance to win XPIN tokens, Airbnb gift cards, and other prizes. The blind boxes guarantee a win. During the event, Gate introduces USDT financial products with a 14-day fixed-term annualized yield of 8%. New users participating in 3-day fixed-term financial products can achieve an annualized yield of up to 100%. Additionally, cryptocurrencies like 0G, APT, AZTEC, IDOS, and others offer annualized yields of up to 300%. There are also staking activities for BTC, ETH, and SOL mining, offering a 5% bonus interest rate. Staking BTC can yield a maximum annualized return of 9.99%, staking ETH up to 9.75%, and staking SOL up to 16%.

U.S. senators are working to pass a bipartisan compromise on stablecoin yield issues to advance the stalled Cryptocurrency Market Structure Act CLARITY. The banking industry has expressed concerns, believing it could impact deposits. Both sides may need to compromise, exploring a balance between innovation and preventing deposit outflows.

Financial institutions are cautious about AI proxy tools like OpenClaw, concerned about data leaks and system risks. Industrial and Commercial Bank of China issued a risk warning, advising users to authorize cautiously, not to believe in high-yield promises easily, and to protect personal information.

The total market capitalization of stablecoins across the entire network reached $312.4 billion, a new all-time high, with USDT and USDC accounting for 58.9% and 25% respectively. Sky's USDS has a market cap of $7.92 billion, a monthly increase of 26.7%. Sky Protocol's daily protocol revenue reached $600,000. The issuance of yield-bearing stablecoins exceeded $21.5 billion, accounting for 6.88%.

On March 9th, the PENDLE staking ratio reached a record high, with 60% of the circulating supply staked, indicating increased community confidence in the protocol. On March 5th, Pendle's real-world asset TVL reached $376.5 million, with $56.5 million deployed as RWA collateral on the Morpho protocol. Pendle emphasizes that yield infrastructure is key to large-scale adoption of institutional-grade RWA.

The CLARITY Act is entering a critical stage, with lawmakers planning to advance it before April 3rd, aiming to clarify regulatory responsibilities for digital assets. The negotiations mainly focus on the regulation of stablecoin yield products, and no agreement has been reached yet. The passage of the bill will impact the participation of American banks in the digital asset space and their global competitive position.

Australian company BTC Markets is applying for a market license to promote the development of tokenized real-world assets (RWA). CEO Lucas Dobbins stated that the goal is to establish on-chain markets for assets such as stocks and bonds. The current on-chain tokenized asset market size is approximately $26 billion, and it is expected to reach $2 trillion by 2030. Australia has the potential to generate economic benefits, but rapid development may yield only $1 billion in revenue.

On March 9th, DeFi lending protocol Aave reached 155,000 monthly active users in February, setting a new record with approximately 100% growth. Due to a reduction in low-risk yield strategies, investors are shifting towards DeFi lending. Aave's total value locked across 20 blockchains is nearly $27 billion. The governance group Aave Chan Initiative announced it is ceasing operations due to transparency disputes.