Coinbase首席執行官Brian Armstrong敦促美國立法者現代化Stablecoin法規

他認為，當前的法律框架已過時，並阻止用戶從支持這些數字貨幣的後備資產產生的利益中受益。

Coinbase CEO Brian Armstrong is calling on U.S. lawmakers to modernize stablecoin regulations and grant consumers the ability to earn interest on their stablecoin holdings.

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）呼籲美國立法者現代化Stablecoin法規，並授予消費者在其穩定持有股中獲得利息的能力。

In a broad commentary on the legal landscape of stablecoins, Armstrong argued that the current legal framework is outdated and hinders the possibility of users benefiting from the interest generated by the reserve assets backing these digital currencies.

阿姆斯特朗（Armstrong）在對穩定幣的法律格局的廣泛評論中，認為當前的法律框架已經過時，並阻礙用戶受益於支持這些數字貨幣的儲備資產產生的利息。

He envisions stablecoins functioning more like interest-bearing checking accounts but said that existing laws prevent this scenario.

他設想穩定的運作更像是興趣的支票帳戶，但說現有的法律阻止了這種情況。

According to Armstrong, although the technology to distribute interest from reserve assets to users already exists, stablecoins don’t qualify for exemptions under U.S. securities laws.

根據阿姆斯特朗的說法，儘管將利息從儲備資產分配給已經存在的用戶的技術，但Stablecoins沒有資格根據美國證券法獲得豁免。

As a result, while stablecoins like USDC and USDT are backed by secure assets such as U.S. Treasury bonds, any interest earned typically goes to the issuing company rather than the stablecoin holders. This limitation, he said, puts stablecoins at a disadvantage compared to traditional banking products.

結果，儘管USDC和USDT這樣的Stablecoins得到了諸如美國國債債券之類的安全資產的支持，但所賺取的任何權益通常都交給發行公司而不是Stablecoin持有人。他說，與傳統的銀行產品相比，這種限制使穩定幣處於劣勢。

“We could be making great strides in rolling out new financial products and services, but instead, we’re largely limited to offering uncompetitive products that don’t fully leverage the technology at our disposal,” said Armstrong.

阿姆斯特朗說：“我們可能會在推出新的金融產品和服務方面取得了長足的進步，但是，我們在很大程度上僅限於提供沒有完全利用我們可以使用的技術的非競爭產品。”

His call for regulatory change comes amid stalled progress on stablecoin legislation in Congress. Lawmakers have been debating issues like issuer oversight, reserve transparency, and potential risks to the financial system, but no clear consensus has been reached.

他呼籲法規變更的呼籲在國會的Stablecoin立法方面停滯不前。立法者一直在辯論諸如發行人監督，預備役透明度和金融體系的潛在風險之類的問題，但尚未達成明確的共識。

However, Armstrong believes that allowing users to earn interest on stablecoins would be a game-changer, making these assets more competitive and appealing.

但是，阿姆斯特朗認為，允許用戶能夠在Stablecoins上獲得利息是改變遊戲規則的人，這使這些資產更具競爭力和吸引力。

“If we want to create an optimal financial system for the 21st century, we need to adjust our thinking and create the legal framework that will enable this future,” he concluded.

他總結說：“如果我們想為21世紀創建一個最佳的金融體系，我們需要調整思想並創建將來可以使未來的法律框架。”

The call for broader interest-bearing stablecoins comes as several platforms have begun offering limited forms of interest-bearing products. For example, BlockFi offers high-yield crypto savings accounts, while Celsius Network allows users to lend out their crypto and earn interest.

呼籲更廣泛的興趣穩定的穩定劑是由於幾個平台開始提供有限的帶有興趣的產品。例如，BlockFI提供高收益的加密儲蓄帳戶，而Celsius網絡允許用戶借出加密貨幣並贏得興趣。

However, these platforms typically operate in a gray area of U.S. regulations, and there are concerns about the stability and solvency of these platforms.

但是，這些平台通常在美國法規的灰色區域中運行，並且擔心這些平台的穩定性和償付能力。

The lack of clear legislation has also led some industry leaders to move their operations to more crypto-friendly regions. For example, Circle, the issuer of the USD stablecoin, recently announced plans to expand its operations in Europe, where regulators are more open to innovation.

缺乏明確的立法也導致一些行業領導人將其運營轉移到更友好的加密友好地區。例如，USD Stablecoin的發行人Circle最近宣布了擴大其在歐洲業務的計劃，該公司在監管機構更開放的創新。

If the U.S. were to adopt regulations allowing stablecoin interest payments, it could transform the perception and use of digital dollars, making them a viable alternative to conventional bank deposits and accelerating crypto’s integration into the mainstream financial system.

如果美國要採用允許穩定利息支付的法規，它可能會改變數字美元的看法和使用，使其成為傳統銀行存款的可行替代品，並加速加密貨幣與主流金融系統的集成。