<ul><li>Coinbase CEO Brian Armstrong is calling for stablecoin legislation to enable onchain interest for holders of fiat-backed stablecoins.</li><li>Armstrong believes onchain interest could democratize access to market-rate yields, providing a fairer return on savings for average consumers and helping them maintain and grow their wealth.</li><li>He also points out the global implications of stablecoins in underbanked regions, offering a stable, dollar-backed asset that can be easily accessed with an internet connection, promoting financial inclusion.</li><li>Armstrong highlights the strategic advantage for the U.S. economy, as stablecoin issuers are already among the largest buyers of U.S. Treasuries, and enabling onchain interest could lead to even greater Treasury demand and economic growth.</li></ul>

Coinbase CEO Brian Armstrong Calls for Stablecoin Legislation

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