Crypto Execs Call For Interest-Bearing Stablecoins

Some crypto executives are urging Congress to allow stablecoin issuers to pay interest on their tokens. This comes as lawmakers work on a bill to regulate these dollar-pegged cryptocurrencies, known for their quick transfers and use in diverse financial markets. However, not everyone agrees with this proposal. While some lawmakers are skeptical, others worry that allowing interest on stablecoins might push people away from traditional bank accounts which aren’t insured.