China's Decision To Pay Interest On Digital Yuan Gives Them Competitive Advantage Over The US, Says Brian Armstrong: 'Rewards Benefit Ordinary People'
Coinbase(US:COIN) Benzinga·2026-01-08 15:27Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed concerns on Wednesday over the competitiveness of dollar-pegged stablecoins in light of China’s decision to pay interest on its central bank digital currency.Armstrong Questions PolicymakersIn an X post, Armstrong argued that China’s move to pay interest on its official digital currency, Digital Yuan, gives it a “competitive advantage.”“Rewards [or even paying interest] benefits ordinary people just like community lending does. We have to let ...