Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）呼吁立法，允许Stablecoin持有人赢得利息

Coinbase首席执行官Brian Armstrong呼吁制定立法，使Stablecoin持有人能够在数字货币上赢得利息。

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

Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）呼吁制定立法，这将使Stablecoin持有人能够在数字货币上赢得利息。

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帖子中说，使稳定的链链兴趣可能会对不断增长的稳定采用产生巨大影响。

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.

在当前的美元固定结构（例如USDT和USDC）的当前结构下，StableCoins的发行人从支持StableCoin的储备金中获得了所有利息。但是，阿姆斯特朗希望持有人将其作为链利息。

He explained:

他解释说：

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的利息是稳定币作为付款形式的功能，并直接将储备金的利息交付给Stablecoin持有人，实际上是一个带有利息的支票帐户。今天存在的技术是为了为现有的稳定剂实现这一目标，但是由于法律，大多数发行人都不能这样做。证券法律目前授予允许他们向用户支付利息的支票和储蓄帐户的豁免，但Stablecoins没有相同的豁免。

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，以便将稳定的股币视为常规储蓄帐户。这将使发行人能够在不担心任何监管含义的情况下实现链上利益。

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首席执行官补充说，现在是通过专业政府和国会制定稳定法律的最佳时间。

On-chain stablecoin interest to benefit Consumers

链链球菌利益使消费者受益

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.

同时，阿姆斯特朗指出，对稳定的链球菌的链接兴趣对于美国和全球的消费者来说将是一项巨大的胜利。据他说，美国消费者将是最大的受益者，就像他们因缺乏链子利益而失去最大的受益者一样。

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%.

他指出了储蓄账户的平均收益率与美联储资金的平均收益率来解释这一点。平均而言，美联储资金的收益率为4.75％，而储蓄账户的收益率为0.41％，其中大多数支付约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.

阿姆斯特朗说，储蓄帐户的这种低收益率使储蓄账户用户处于不利地位，因为通货膨胀率约为3％。因此，实施稳定蛋白的链链利益将使更多的人获得4％的收益率。

He said:

他说：

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.

有一个明确的解决方案：OnChain兴趣使获得市场利率率的机会民主化，使普通人在维持和增加财富方面有了公平的攻击。

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.

首席执行官补充说，链子上还将使其他国家 /地区的稳定持有人受益，从而加强美元霸权，同时通过增加美国居民可以为储蓄产生的数量来增强美国经济。总而言之，他认为这将是消费者和美国生态系统的积极发展。

Armstrong concluded, saying:

阿姆斯特朗总结说：

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.

消费者应该得到更大的馅饼。为Onchain兴趣打开大门，将迫使我们所有人为消费者的最终利益增强游戏，并将这项创新保持在岸上。

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，该提案吸引了大多数季度的积极反馈，许多方面都支持它。但是，有些人认为这是不必要的。

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

加密企业家和法律专家Artem Tolkachev指出，这个想法乍一看只是公平的，而不是更仔细的看。

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.

根据托尔卡乔夫（Tolkachev）的说法，银行帐户默认情况下不支付利息；这就是加密货币的方式。他指出了几个Defi平台，当用户采取某些动作时，用户可以在其资本上获得收益，这是理想的事情，而不是锁定稳定的稳定性收益率，只会集中系统并损害更广泛的加密生态系统。