Coinbase CEO Brian Armstrong is advocating for stablecoin legislation that allows consumers to earn interest on their digital dollar holdings. He argues that this would benefit consumers, increase global financial access, and strengthen the US economy in the long term. Armstrong emphasizes the need for onchain interest to democratize access to market-rate yields and bring more people into a transparent financial system powered by crypto rails. He believes that allowing stablecoins to offer interest could lead to increased Treasury demand, reinforce dollar dominance, and stimulate economic growth. Armstrong urges lawmakers to act swiftly to ensure that stablecoin regulation includes provisions for onchain interest without triggering complex legal requirements.
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