Brian Armstrong, chief executive of Coinbase, wrote: "US stablecoin legislation should allow consumers to earn interest on stablecoins. Instead of favouring one industry, the government should allow banks and crypto companies to share interest with consumers and incentivize them to do so. Stablecoins have found a product-market fit by digitising the US dollar and other fiat currencies, but we have yet to unlock a key part that will fully benefit ordinary people and the US economy: on-chain interest."