Coinbase CEO calls for legal changes for on-chain interest on stable coins in the USA

Coinbase CEO calls for legal changes for on-chain interest on stable coins in the USA
Coinbase CEO calls for changes in the law for on-chain interest on stablecoins
The CEO of Coinbase has spoken out for urgent changes in the law in the United States to give stable coin owners the opportunity to get "on-chain interest" on their stocks. In a contribution to X (formerly Twitter) on March 31, 2023, he expressed his arguments for this need.
stable coins that strive for stable performance play an important role in the crypto ecosystem. They offer users the opportunity to store their digital assets safely while using the advantages of blockchain technology at the same time. The introduction of on-chain interest could help stablecoin owners to develop passive sources of income and thus further increase the attractiveness of these digital currencies.
The demand for legal adjustments could pave the way for a better regulated environment that offers both investors and companies security. The CEO from Coinbase sees this an opportunity to strengthen the competitiveness of the US market in the global crypto sector.
This step would not only create stability for users, but also promote the potential for innovations in the financial sector. It remains to be seen how regulation will be designed in the future and what effects this could have on the introduction of on-chain interest for stable coins.