Brian Armstrong is advocating for US regulators to allow interest payments on stablecoins. He believes that current restrictions limit opportunities in the stablecoin market, which could benefit consumers.
Armstrong asserts that both banks and crypto firms should have equal chances to offer interest on stablecoins, criticizing the preferential treatment of one industry over another.
The introduction of interest-bearing stablecoins could diversify financial products and encourage users to adopt them in traditional financing. Insights from Coincu suggest that regulatory adjustments may be necessary for effective integration.
Full story here: https://coincu.com/329735-coinbase-ceo-stablecoin-interest
