Photo by BeInCrypto Coinbase CEO Brian Armstrong is pointing to China as a model for US stablecoin policy. The timing raises questions about his motives. Armstrong's defense of China's central bank digital currency interest payments comes as his company fights to preserve a key revenue stream under threat from the US banking lobby. The GENIUS Act, passed last July, allows platforms like Coinbase to share yields with stablecoin holders — a provision that banking groups are now pushing to eliminate. What ...

China is ramping up its push to get more people to use the country’sdigital currency, with 10 of the country’s largest banks announcing they will pay interest to holders of the digital yuan. The list includes Tencent’s neobank WeBank and Mybank, Alipay’s banking subsidiary. The banks say they will pay holders of China’s central bank digital currency, or CBDC, every quarter, making their first payouts on March 20, the Chinese news outlet Sina Finance reported. The central bank first revealed details abo ...

PIX is a payment method developed by the Central Bank of Brazil. Photo by BeInCrypto China's digital yuan entered a new era on January 1, 2026, as wallet balances began accruing interest at demand deposit rates. The move marks a decisive break from the prevailing global consensus that central bank digital currencies should remain non-interest-bearing. The European Central Bank, Federal Reserve, and Bank for International Settlements have long championed this principle as essential to financial stability. ...

Coinbase has warned that a renewed push in Washington to restrict how stablecoins can reward users could weaken the United States’ position in digital payments at a time when China is actively upgrading its own state-backed digital currency to make it more attractive. Faryar Shirzad, Coinbase’s chief policy officer, raised the concern in a post on X, arguing that restrictions around rewards could reduce the appeal of dollar-backed stablecoins overseas. He said the issue is especially sensitive as rival ...

Chinese investors have poured over $188 million into firms working on the digital yuan following the People’s Bank of China’s decision to let central bank digital currency wallets accrue interest. Almost a third of that investment went into Lakala, a third-party payment service provider that works with merchant acceptance solutions and hardware wallets, reported the Chinese outlet Securities Times. The firm’s share price rose by over 12% on the Shenzhen Stock Exchange on Monday and continued rising on D ...

A state-owned bank in China has issued one of the country’s first-ever commercial bonds on a blockchain. Huaxia Bank distributed the bonds to customers paying exclusively in China’s central bank digital currency, or CBDC. The bank issued the bonds, worth over $637 million, via its commercial shipping subsidiary Huaxia Financial Leasing, the firm said on its official social media channel, the Chinese newspaper Caixin reported. “The whole issuance process was recorded on the blockchain network in real-tim ...