TechFlow reported on March 31 that Coinbase CEO Brian Armstrong posted, "U.S. stablecoin legislation should allow consumers to earn interest from stablecoins. The government should not favor one industry at the expense of another. Both banks and crypto companies should be permitted and incentivized to share interest earnings with consumers.
Stablecoins have already found product-market fit by digitizing dollars and other fiat currencies, but for ordinary people and the U.S. economy, we haven't yet unlocked a key piece: on-chain yield."
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