Coinbase CEO Calls for On-Chain Interest in Stablecoins

Brian Armstrong, CEO of Coinbase, has urged lawmakers to enable on-chain interest payments for stablecoin holders. In a recent post on X (formerly Twitter), Armstrong argued that this would have significant positive impacts on stablecoin adoption. Currently, stablecoin issuers like Tether and Circle control all interest earned from the assets backing the stablecoin. He envisions a future where stablecoin holders directly receive those earnings, effectively turning them into