What's next after the stablecoin law is signed

The big picture: There are two ways stablecoins might improve the bottomline of regular people.

• Savings. On exchanges like Coinbase and apps like Paypal, users can buy stablecoins with dollars and earn 4% interest on their money (for now). That blows away bank savings rates.
• Yes, but: While your deposits won't be lent out like banks do and are 100% reserve-backed, they don't have FDIC insurance.
• Shopping. Osama Bari, with the D24 Fintech Group, tells Axios that he's looking for instant rebates coming soon for stablecoin transactions. So a consumer might get an instant $2 back when they buy $100 watch. That's at least in part because retailers don't pay interchange fees when they get paid with stablecoins.

What we're watching: Adoption. It can be tough to get people to use new payment systems if they are accustomed to another way and it alreadyworks pretty well.

• However, stablecoins might mean consumers will start getting a better deal.

The bottom line: It remains to be seen how the traditional finance industry implements the law.

• Incumbents might push back hard before any of these kinds of perks become widespread.