Coinbase CEO Urges U.S. Regulators to Permit Interest on Stablecoins

Coinbase CEO Urges U.S. Regulators to Permit Interest on Stablecoins

Coinbase CEO Brian Armstrong has publicly urged U.S. politicians to approve interest-bearing stablecoin products, claiming that doing so would greatly benefit domestic consumers, strengthen the value of the US dollar internationally, and promote more financial inclusion. Stablecoins, which are usually backed 1:1 by the US dollar and invested in low-risk assets like Treasury securities, provide yield from their underlying reserves, Armstrong s...

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