On March 31, Coinbase CEO Brian Armstrong wrote that "US stablecoin legislation should allow consumers to earn interest on stablecoins. The government should not favor a specific industry, but rather allow banks and crypto companies to share interest with consumers and incentivize them to do so.
Stablecoins have found product-market fit by digitalizing US dollars and other fiat currencies, but we have not yet unlocked a key part that would allow ordinary people and the US economy to fully benefit: on-chain interest."
