Coinbase CEO: US stablecoin legislation should allow consumers to earn interest through stablecoins

CoinRank News: Coinbase CEO Brian Armstrong said in a post, “U.S. stablecoin legislation should allow consumers to earn interest on stablecoins. The government should not favor a certain industry, but should allow banks and crypto companies to share interest with consumers and incentivize them to do so. Stablecoins have found product-market fit by digitizing the U.S. dollar and other legal currencies, but we have not yet unlocked a key part that allows ordinary people and the U.S. economy to fully benefit: on-chain interest.”