Coinbase: Interest-bearing digital yuan could cause the US to lose its stablecoin advantage.

Coinbase stated that proposed amendments to the GENIUS Act could weaken the US position in the global expansion of digital payments. Meanwhile, the strategic introduction of interest-bearing features for the digital yuan will put new pressure on US policymakers, as the interest-bearing framework could attract users seeking returns. This dynamic could reshape the competitive landscape, making the digital yuan a more explicit competitor to stablecoins. Coinbase warned that restricting stablecoin reward options could reduce the competitiveness of stablecoins, and internal lobbying has exacerbated tensions. Coinbase maintains that the leading position of stablecoins supports a strong dollar and stated that policy adjustments must consider the international situation. US lawmakers now face a decision that could influence the next phase of digital payments development. (Coingeek)