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U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says

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by COINS NEWS 126 Views

U.S. Risks Falling Behind China With Stablecoin Interest Ban, Coinbase Chief Says

A top executive at Coinbase says the United States could lose ground in the global crypto if it bans interest or rewards on U.S. stablecoins. This warning comes as China is making its own digital currency more appealing.

The debate is happening as U.S. lawmakers discuss how to enforce the GENIUS Act. At the same time, China’s central bank has changed its approach to the digital yuan.

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