Anchorage’s USDGO Rewards Program Tests the GENIUS Act’s Yield Prohibition Through a Separate-Entity Structure

The first distribution of rewards for the USDGO stablecoin occurs today, September 1, 2026, marking a calculated shift in how institutional capital interacts with digital dollar infrastructure. By decoupling the yield-bearing mechanism from the regulated issuer, Anchorage Digital Bank N.A. and its partners have engineered a structure designed to satisfy the demand for treasury productivity […] Digital asset revenue is often treated as a derivative of token volatility. OSL Group’s H1 2026 results suggest a different reality. With total revenue reaching HK$55.813B—a 65.8% year-over-year increase—the firm is demonstrating that the most reliable margins are found in the plumbing, not the speculative churn. The shift is structural. Payments now account for 88% […]