Deep Tide TechFlow News, January 7th, according to CoinGeek, Coinbase Chief Policy Officer Faryar Shirzad warned that if USD-backed stablecoins are banned from offering "rewards" to users, the United States could face competitive risks. At the time of this warning, the People's Bank of China announced plans to allow banks to pay interest on digital yuan wallets starting from January 2026.
Shirzad stated on social platform X that mishandling negotiations in the Senate regarding the Market Structure Act could give non-US stablecoins and Central Bank Digital Currencies (CBDC) a critical competitive advantage at the worst possible time. He emphasized that protecting the primacy of the US dollar and the US financial system is crucial.
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Deep Tide TechFlow News, January 7th, according to CoinGeek, Coinbase Chief Policy Officer Faryar Shirzad warned that if USD-backed stablecoins are banned from offering "rewards" to users, the United States could face competitive risks. At the time of this warning, the People's Bank of China announced plans to allow banks to pay interest on digital yuan wallets starting from January 2026.
Shirzad stated on social platform X that mishandling negotiations in the Senate regarding the Market Structure Act could give non-US stablecoins and Central Bank Digital Currencies (CBDC) a critical competitive advantage at the worst possible time. He emphasized that protecting the primacy of the US dollar and the US financial system is crucial.