Coinbase CEO calls for stablecoin interest to be rejected by US lawmakers, and the STANLE bill to be reviewed this week

Odaily Planet Daily News: Coinbase CEO Brian Armstrong recently called on Congress on the X platform to allow stablecoins to pay interest to users, otherwise it will be detrimental to competition in the cryptocurrency industry. However, French Hill, Chairman of the House Financial Services Committee, stated that stablecoins should be considered as payment tools rather than investment products, and the ban on interest calculation is a consensus between both houses of Congress. This stance implies that the "high-yield stablecoins" promoted by institutions such as Coinbase and World Liberty may be difficult to legislate for. It is reported that the STANLE bill will enter the deliberation process in the House of Representatives this Wednesday. （Decrypt）