Coinbase首席執行官Brian Armstrong呼籲立法變更，以允許Stablecoin持有人贏得“ OnChain權益”

布萊恩·阿姆斯特朗（Brian Armstrong）呼籲在美國進行立法變更，以允許Stablecoin持有人在其持股中獲得“ Onchain權益”。

Coinbase CEO Brian Armstrong is calling for legislative changes in the U.S. to allow stablecoin holders to earn “onchain interest” on their holdings.

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）呼籲在美國進行立法變更，以允許Stablecoin持有人在其持股中贏得“ Onchain權益”。

In a March 31 post on X, Armstrong argued that crypto companies should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.” He added that allowing onchain interest would be “consistent with a free market approach.”

在3月31日在X上發表的文章中，阿姆斯特朗認為，應對加密公司進行類似的對待，並“允許並激勵與消費者共享利益”。他補充說，允許OnChain興趣“與自由市場方法一致”。

There are currently two competing pieces of federal stablecoin legislation working their way through the legislative process in the U.S.: the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

目前有兩項相互競爭的聯邦Stablecoin立法在美國的立法過程中發揮了作用：對更好的分類帳（穩定）法案（穩定）法案的Stablecoin透明度和問責制，以及指導和建立國家針對美國Stablecoins（Genius）法案的國家Innovation。

In reference to the stablecoin legislation, Armstrong said the U.S. had an opportunity to “level the playing field and ensure these laws pave a way for all regulated stablecoins to deliver interest directly to consumers, the same way a savings or checking account can.”

關於Stablecoin立法，阿姆斯特朗表示，美國有機會“平衡競爭環境並確保這些法律為所有受監管的stablecoins鋪平了直接向消費​​者提供權益的方式，就像儲蓄或支票帳戶一樣。”

Armstrong: Onchain interest a boon for US economy

阿姆斯特朗：OnChain興趣為美國經濟帶來福音

Armstrong argued that while stablecoins have already found product-market fit by “digitizing the dollar and other fiat currencies,” the addition of onchain interest would allow “the average person, and the U.S. economy, to reap the full benefits.”

阿姆斯特朗認為，儘管Stablecoins已經通過“數字化美元和其他法定貨幣”發現了產品市場，但增加OnChain的興趣將使“普通人和美國經濟能夠獲得全部利益”。

He said that if legislative changes allowed stablecoin issuers to pay interest to holders, U.S. consumers could earn a yield of around 4% on their holdings, far outstripping the 2024 average interest yield on a consumer savings account, which Armstrong cited as 0.41%.

他說，如果立法變更允許Stablecoin發行人向持有人支付利息，那麼美國消費者的持股量約為4％，遠遠超過了2024年的消費者儲蓄賬戶的平均利息收益，阿姆斯特朗認為該帳戶為0.41％。

Armstrong also said onchain interest could benefit the broader U.S. economy — by incentivizing the global use of U.S. dollar stablecoins. This could see their use grow, “pulling dollars back to U.S. treasuries and extending dollar dominance in an increasingly digital global economy,” according to the Coinbase CEO.

阿姆斯特朗還表示，通過激勵全球使用美元穩定的穩定性，Onchain的利益可以使美國更廣泛的經濟受益。 Coinbase首席執行官說，這可能會使他們的使用增長，“將美元拖回美國國庫，並在日益數字的全球經濟中延長了美元的統治地位。”

He also argued that the potential for a higher yield than traditional savings accounts would result in “more yield in consumers’ hands means more spending, saving, investing — fueling economic growth in all local economies where stablecoins are held.”

他還認為，比傳統儲蓄賬戶更高的收益率的潛力將導致“消費者手的收益率更高，這意味著更多的支出，儲蓄，投資 - 助長了持有穩定的所有地方經濟體的經濟增長。”

“If we don’t unlock onchain interest, the U.S. misses out on billions more USD users and trillions in potential cash flows,” Armstrong added.

阿姆斯特朗補充說：“如果我們不解鎖Onchain的興趣，美國就會錯過數十億美元的用戶和數万億美元的潛在現金流量。”

Currently, neither the STABLE Act nor the GENIUS Act gives the legal go-ahead for onchain interest-generating stablecoins. In fact, in its current form, the STABLE Act includes a short passage prohibiting “payment stablecoin” issuers from paying yield to holders:

目前，《穩定法案》和《天才法》均未為產生興趣的穩定股的法律批准。實際上，以目前的形式，《穩定法》包括禁止“付款Stablecoin”發行人向持有人支付收益的短暫段落：

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Similarly, the GENIUS Act, which recently passed the Senate Banking Committee by a vote of 18-6, has been amended to exclude interest-bearing instruments from its definition of a “payment stablecoin.”

同樣，《天才法》（Genius Act）最近以18-6的投票通過了參議院銀行委員會，已被修改，以將帶有利息的工具排除在其“付款Stablecoin”的定義之外。

Commenting on the current state of the STABLE Act, Representative Bryan Steil told Eleanor Terrett, host of the Crypto in America podcast, that two pieces of legislation are positioned to “mirror up” following a few more draft rounds in the House and Senate — due to the differences between them being textual rather than substantive.

代表布萊恩·史蒂爾（Bryan Steil）在評論穩定法案的當前狀態時告訴美國加密貨幣播客的主持人埃莉諾·特雷特（Eleanor Terrett），在眾議院和參議院的幾次選秀回合之後，兩項立法可以“鏡像”“鏡像”，這是由於它們之間的差異是在文本上，而不是實質性的。

“At the end of the day, I think there’s recognition that we want to work with our Senate colleagues to get this across the line,” Steil said.

史蒂爾說：“歸根結底，我認為我們要與參議院同事合作以使這一切都在線。”