Kyle Rizdahl

This is a kind of crypto that doesn't go up or down in value much.

This is a kind of crypto that doesn't go up or down in value much.

It's really just a way to pay for things.

It's really just a way to pay for things.

The companies that issue stablecoins wanted to offer interest on them the same way that banks do on deposits.

The companies that issue stablecoins wanted to offer interest on them the same way that banks do on deposits.

But Congress has already said no.

But Congress has already said no.

We don't regulate stablecoin issuers nearly as extensively as banks, and we deliberately said they can't do all the things that banks can do.

We don't regulate stablecoin issuers nearly as extensively as banks, and we deliberately said they can't do all the things that banks can do.

Timothy Massad is a research fellow at Harvard's Kennedy School and former chair of the Commodity Futures Trading Commission.

Timothy Massad is a research fellow at Harvard's Kennedy School and former chair of the Commodity Futures Trading Commission.

Can a trading platform like Coinbase, where people hold their crypto, offer you a reward or interest for keeping your stable coins with them?

Can a trading platform like Coinbase, where people hold their crypto, offer you a reward or interest for keeping your stable coins with them?

Banks say no, and they want a law that says that.

Banks say no, and they want a law that says that.

The fear is that money would leave depository institutions.

The fear is that money would leave depository institutions.

Rob Nichols is president of the American Bankers Association.

Rob Nichols is president of the American Bankers Association.