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Coinbase CEO Pushes for Interest-Bearing Stablecoins in U.S.

  • Coinbase CEO Brian Armstrong wants U.S. laws to change so that stablecoin holders can earn interest.
  • Armstrong suggests that introducing interest on digital currency would benefit multiple users by allowing them to earn more substantial interest rates.
  • The adoption of interest-bearing stablecoins would provide financial advantages to citizens in developing nations as well as the U.S. economy as a whole.
  • President Donald Trump has asked Congress to establish stablecoin regulations to strengthen the global position of the U.S. dollar.

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