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. . . source: https://99bitcoins.com/news/altcoins/coinbase-says-stablecoin-interest-ban-gives-china-the-advantage/