Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）呼籲立法，允許Stablecoin持有人贏得利息

Coinbase首席執行官Brian Armstrong呼籲制定立法，使Stablecoin持有人能夠在數字貨幣上贏得利息。

Coinbase CEO Brian Armstrong is calling for legislation that would allow stablecoin holders to earn interest on the digital currency.

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）呼籲制定立法，這將使Stablecoin持有人能夠在數字貨幣上贏得利息。

In a recent X post, Armstrong said that enabling on-chain interest for stablecoins could have a massive impact in growing stablecoin adoption.

阿姆斯特朗（Armstrong）在最近的X帖子中說，使穩定的鍊鍊興趣可能會對不斷增長的穩定採用產生巨大影響。

Under the current structure for dollar-pegged stablecoins such as USDT and USDC, the issuers of the stablecoins get all the interest earned from the reserve assets backing the stablecoin. However, Armstrong wants the holders to get a share of that as on-chain interest.

在當前的美元固定結構（例如USDT和USDC）的當前結構下，StableCoins的發行人從支持StableCoin的儲備金中獲得了所有利息。但是，阿姆斯特朗希望持有人將其作為鏈利息。

He explained:

他解釋說：

Onchain interest is the ability of a stablecoin to function as a form of payment and directly deliver interest earned on reserve assets to the stablecoin holder, effectively an interest-bearing checking account. Technology exists today to enable this for existing stablecoins, but most issuers cannot do so because of the law. Securities laws currently grant exemptions to checking and savings accounts that allow them to pay interest to users, but stablecoins do not have the same exemption.

OnChain的利息是穩定幣作為付款形式的功能，並直接將儲備金的利息交付給Stablecoin持有人，實際上是一個帶有利息的支票帳戶。今天存在的技術是為了為現有的穩定劑實現這一目標，但是由於法律，大多數發行人都不能這樣做。證券法律目前授予允許他們向用戶支付利息的支票和儲蓄帳戶的豁免，但Stablecoins沒有相同的豁免。

Therefore, the law needs to change so that stablecoins are treated like regular savings accounts. This will allow issuers to enable on-chain interests without worrying about any regulatory implications.

因此，法律需要更改，以便將穩定的股幣視為常規儲蓄帳戶。這將使發行人能夠在不擔心任何監管含義的情況下實現鏈上利益。

The Coinbase CEO added that now is the best time to pass such legislation because a pro-crypto administration and Congress are working on stablecoin laws.

Coinbase首席執行官補充說，現在是通過專業政府和國會制定穩定法律的最佳時間。

On-chain stablecoin interest to benefit Consumers

鍊鍊球菌利益使消費者受益

Meanwhile, Armstrong noted that enabling on-chain interest in stablecoins will be a big win for consumers in the US and globally. According to him, US consumers will be the biggest beneficiaries, just as they are the ones losing the most from the lack of on-chain interests.

同時，阿姆斯特朗指出，對穩定的鏈球菌的鏈接興趣對於美國和全球的消費者來說將是一項巨大的勝利。據他說，美國消費者將是最大的受益者，就像他們因缺乏鍊子利益而失去最大的受益者一樣。

He explained this by pointing to the average yield for savings accounts versus that of Federal Reserve funds. On average, the yield for Fed funds is 4.75%, while savings accounts have 0.41%, with most of them paying around 0.01%.

他指出了儲蓄賬戶的平均收益率與美聯儲資金的平均收益率來解釋這一點。平均而言，美聯儲資金的收益率為4.75％，而儲蓄賬戶的收益率為0.41％，其中大多數支付約0.01％。

This low yield from savings accounts, Armstrong said, leaves savings account users at a disadvantage, given that the inflation rate is around 3%. Thus, implementing on-chain interest for stablecoins will allow more people to have access to a 4% yield.

阿姆斯特朗說，儲蓄帳戶的這種低收益率使儲蓄賬戶用戶處於不利地位，因為通貨膨脹率約為3％。因此，實施穩定蛋白的鍊鍊利益將使更多的人獲得4％的收益率。

He said:

他說：

There is a clear solution: onchain interest democratizes access to the market rate yield rate, giving regular people a fair shot at maintaining and growing their wealth.

有一個明確的解決方案：OnChain興趣使獲得市場利率率的機會民主化，使普通人在維持和增加財富方面有了公平的攻擊。

The CEO added that on-chain will also benefit stablecoin holders in other countries, strengthening US dollar hegemony while boosting the US economy by increasing the amount US residents can generate on their savings. All in all, he believes it will be a positive development for consumers and the US ecosystem.

首席執行官補充說，鍊子上還將使其他國家 /地區的穩定持有人受益，從而加強美元霸權，同時通過增加美國居民可以為儲蓄產生的數量來增強美國經濟。總而言之，他認為這將是消費者和美國生態系統的積極發展。

Armstrong concluded, saying:

阿姆斯特朗總結說：

Consumers deserve a bigger piece of the pie. Opening the door for onchain interest will force us all to up our game for the ultimate benefit of consumers, and will keep this innovation onshore.

消費者應該得到更大的餡餅。為Onchain興趣打開大門，將迫使我們所有人為消費者的最終利益增強遊戲，並將這項創新保持在岸上。

Unsurprisingly, the proposal has attracted positive feedback from most quarters, with many in support of it. However, some do not believe it is necessary.

毫不奇怪，該提案吸引了大多數季度的積極反饋，許多方面都支持它。但是，有些人認為這是不必要的。

Crypto entrepreneur and legal expert Artem Tolkachev noted that the idea is only fair at first glance and not on closer look.

加密企業家和法律專家Artem Tolkachev指出，這個想法乍一看只是公平的，而不是更仔細的看。

According to Tolkachev, bank accounts do not pay interest by default; that is just how it is in crypto. He pointed to several DeFi platforms where users can get yield on their capital when they take certain actions, noting this is the ideal thing and not lock-in stablecoin yields, only centralize the system and damage the broader crypto ecosystem.

根據托爾卡喬夫（Tolkachev）的說法，銀行帳戶默認情況下不支付利息；這就是加密貨幣的方式。他指出了幾個Defi平台，當用戶採取某些動作時，用戶可以在其資本上獲得收益，這是理想的事情，而不是鎖定穩定的穩定性收益率，只會集中系統並損害更廣泛的加密生態系統。