Techub News reports that according to CoinGeek, Coinbase Chief Policy Officer Faryar Shirzad stated that if subsequent amendments to the GENIUS Act further restrict the "reward/yield" mechanisms offered to users for USD stablecoins, it could weaken the United States' advantage in the global digital payments expansion and put the US at a disadvantage when competing with other payment tools. Chinese central bank officials have previously publicly stated that they will allow commercial banks to start paying interest on digital renminbi wallets from January 2026. Shirzad believes that the interest-earning framework could attract users seeking yields, thereby reshaping the competitive landscape and making digital renminbi a more clearly defined competitor to stablecoins.

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