Wu Blockchain (@WuBlockchain): Coinbase CEO Responds to Stablecoin Rewards and Banking Regulation Debate

Coinbase CEO Responds to Stablecoin Rewards and Banking Regulation Debate Coinbase CEO Brian Armstrong @brian_armstrong addressed questions about how USDC rewards differ from bank interest and whether Coinbase should face bank capital and liquidity requirements in a September 19 interview with MoneyRehabPodcast. Armstrong said the rewards pass on part of the returns from underlying short-term U.S. Treasuries and are legally distinguished from deposit interest. He emphasized that Coinbase does not issue stablecoins or engage in fractional-reserve lending, while stablecoin issuers maintain full reserves. He also criticized some major banks for allegedly using government intervention to restrict competition.