Coinbase CEO Brian Armstrong has proposed legislation in the US to allow consumers to earn interest on stablecoins. He argues this change would benefit both banks and crypto firms, balancing their interests without favoritism.
This proposal aims to enhance the utility of stablecoins, potentially increasing consumption and adoption within the US economy. However, the crypto community remains cautiously observant of regulatory shifts.
The stablecoin USDC has maintained its value at $1.00, highlighting its stability amidst ongoing discussions and changes in digital finance regulations.
Full story here: https://coincu.com/329721-us-stablecoin-legislation-interest-proposal
