Coinbase and PayPal continue to offer rewards to users holding stablecoins, despite US regulations seemingly prohibiting interest payments on these assets. This has raised eyebrows as to whether these companies are circumventing the intended purpose of the regulations. According to a Decrypt report, Coinbase CEO Brian Armstrong clarified that Coinbase, as a non-stablecoin issuer, offers "rewards" instead of interest. They currently offer a 4.1% reward to USDC holders in the US. Similarly, PayPal offers a 3.7% reward for holding its stablecoin, PYUSD. CEO Alex Chriss has affirmed the company's commitment to continuing this practice. Notably, PYUSD is issued by Paxos, not directly by PayPal. The legality of these "rewards" is being debated by some. ```

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