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.