In a bid to unlock the potential of stablecoins, Coinbase CEO Brian Armstrong advocates for legislative changes in the U.S. that would enable holders to earn interest on their holdings directly. He argues that treating crypto companies like banks and allowing them to share this interest with consumers aligns with a free market approach. Currently, two competing bills are advancing through the US legislative process regarding stablecoin regulation: the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Armstrong believes that these new laws should level the playing field and allow regulated stablecoins to directly pay interest to their holders, mirroring traditional savings accounts. He proposes a potential increase in consumer yield of up to 4%, surpassing even the current low average interest rate on savings accounts in the U.S., and argues that this could incentivize the use of US dollar stablecoins globally, contributing to increased dollar dominance in an increasingly digital economy.