@hamed
💎 Coinbase CEO Brian Armstrong says the US is "missing the forest through the trees" on stablecoin yields
"Rewards on stablecoins will not change lending one bit - but it does have a big impact on whether US stablecoins are competitive"
📝 Brian Armstrong hits the nail on the head. By over-regulating or restricting yields on US-backed stablecoins, the US risks pushing capital toward offshore entities. If American stablecoins can't offer competitive rewards, users will naturally migrate to international alternatives that do. It’s not about changing the nature of lending; it’s about maintaining the USD's dominance in the digital asset space. We need a regulatory framework that encourages innovation rather than stifling it
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