Coinbase CEO Calls for Interest on Stablecoins to Boost Financial Inclusion

Coinbase CEO Brian Armstrong has urged U.S. lawmakers to allow stablecoin issuers to offer interest on their assets, arguing this could provide greater financial benefits to consumers and boost global financial inclusion. He proposes a system where the returns generated from stablecoin reserves would be directly allocated to holders via ‘on-chain interest’ payments. This would enable users to earn interest similar to traditional savings accounts but without needing physical bank branches.