Coinbase warns that US restrictions on stablecoin rewards could weaken the country’s position in digital payments, giving China an edge. China’s central bank introduces interest-bearing digital yuan wallets, aiming to boost adoption and compete with private payment platforms. The US, on the other hand, opposes a central bank digital currency, favoring regulated stablecoins.

Read more at Yahoo Finance: Coinbase Warns US “Rewards” Ban Could Let China Win the Stablecoin Race