Coinbase CEO: US stablecoin legislation should allow consumers to earn interest through stablecoins
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Planet Daily News: Coinbase CEO Brian Armstrong wrote that "U.S. 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 U.S. dollars and other fiat currencies, but we have not yet unlocked a key part that would allow ordinary people and the U.S. economy to fully benefit: on-chain interest."
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