Wu Blockchain (@WuBlockchain): Coinbase CEO Brian Armstrong said that US stablecoin legislation should allow consumers to earn interest through stablecoins, and the interest earned…
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Coinbase CEO Brian Armstrong said that US stablecoin legislation should allow consumers to earn interest through stablecoins, and the interest earned from reserve assets should be paid directly to stablecoin holders, which is actually an interest-bearing checking account; the technology already exists, but the law has not caught up, and stablecoins currently cannot enjoy the exemption that securities laws allow issuers to pay interest to users. x.com/brian_armstron…