Coinbase CEO Calls for US Regulation Allowing Interest on Stablecoins

Brian Armstrong, CEO of Coinbase, is advocating for U.S. regulations that would allow consumers to earn interest on stablecoins. He argues this move would benefit consumers, expand financial access globally, and bolster the U.S. economy. 💰 According to Armstrong, stablecoins are typically backed by the dollar 1:1 and held in low-risk assets like U.S. Treasuries. The interest generated from these reserves is usually retained by issuers rather than passed on to consumers. 📊