Regulation· ★★★★· neutral·

Coinbase CEO: Stablecoin Rewards Need Separate Bank Rules

  • —Armstrong calls for tailored capital and liquidity rules for stablecoin rewards
  • —Bank interest relies on fractional-reserve lending; rewards pass through reserve income
  • —Bank-grade rules would force issuers to hold equity capital and cut yields
  • —Coinbase previously opposed GENIUS Act amendments tightening issuer requirements
Why it matters: The outcome will determine whether issuers can offer stablecoin yields without a bank charter and how it shapes their business models.
#USDC
Source: Coincu
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