Coinbase Says Stablecoin Interest Ban Gives China the Advantage

Coinbase is pushing back against efforts to limit interest on stablecoins in the United States, warning that such restrictions could end up helping China. The warning comes as lawmakers debate how to enforce the GENIUS Act, which became law in July and introduced a new set of rules for stablecoins. The timing is especially important, with China getting ready to let users earn interest on its own digital currency starting early next year. How U.S. Stablecoin Interest Rules Are Taking Shape Currently, the ...