Coinbase CEO Brian Armstrong has proposed changes in U.S. stablecoin regulations to allow users to earn interest on them.
Brian Armstrong's Key Arguments
In a series of tweets, Armstrong argued that the government should not favor traditional banks over crypto firms. He proposed allowing both parties to share interest with users, creating a fairer financial system.
Global Economic Impact
Armstrong highlighted that interest-bearing stablecoins could benefit billions, especially in underbanked regions, by providing a secure savings and wealth-building method.
Effect on the U.S. Economy
Stablecoins already play a significant role in the U.S. economy. Armstrong sees distributing interest to consumers as a way to boost spending and investment, benefiting the economy as a whole.
Armstrong's proposal could create new financial growth opportunities and strengthen the U.S.'s leadership in the crypto industry.
