Coinbase CEO calls for change in stablecoin laws to enable ‘onchain interest’
Brian Armstrong says letting stablecoin issuers make interest payments directly to holders would let consumers and the broader US economy “reap the full benefits.”
Coinbase CEO Brian Armstrong is calling for legislative changes in the US to allow stablecoin holders to earn “onchain interest” on their holdings.
In a March 31 post on X, Armstrong argued that crypto companies should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.” He added that allowing onchain interest would be “consistent with a free market approach.”
Source: Brian Armstrong
Read more
