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Washington's "Stablecoin War": When Banking Giants Encounter 4.1% Rewards, Whose Deposits Will Disappear First?
An underground battle over "Digital Dollar Interest" is unfolding on Capitol Hill. Coinbase CEO Brian Armstrong is personally lobbying lawmakers, solely to preserve a "weapon"—paying users holding USDC stablecoins up to a 4.1% annualized reward. Meanwhile, the banking lobbying groups are attempting to legislate to confiscate this weapon entirely.
This is not just simple industry competition but a critical battle that will determine the future decade of America's financial power struc