Coinbase CEO: US Stablecoin Legislation Should Allow Consumers to Earn Interest Through Stablecoins

BlockBeats News, March 31st, Coinbase CEO Brian Armstrong wrote, "US stablecoin legislation should allow consumers to earn interest on stablecoins. The government should not favor one industry but should allow both banks and crypto companies to offer interest to consumers and incentivize them to do so."

"Stablecoins, through digitizing the US dollar and other fiat currencies, have found a product-market fit, but we have not yet unlocked a key piece that would enable everyday Americans and the US economy to fully benefit: on-chain interest."