Congress must bar interest on payment stablecoins to avoid harming Main Street lending

Opinion, Stablecoin legislation, Market Structure Legislation, US Congress, Opinion Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman of the Independent Community Bankers of America’s Digital Assets Subcommittee. Allowing crypto exchanges and other intermediaries to offer yield-like incentives on payment stablecoins would pose significant risks to local economies, argues Kevin Paintner, chairman of the Independent Community Bankers of America’s Digital Assets Subcommittee. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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