Ledger exec: US ban on stablecoin interest would ignite regulatory competition

A ban on interest payments for stablecoins in the U.S. could prompt other countries to permit them, Ledger's head of Asia-Pacific said in an interview with Cointelegraph. He explained that a broad U.S. restriction would trigger discussions between overseas regulators and the industry on how to respond. While some countries like Australia offer regulatory flexibility to stablecoin issuers, he noted that banking interests currently prevent most stablecoins from providing interest or rewards to users. A change in U.S. policy would likely intensify talks between issuers and foreign regulators about allowing structures that offer interest on stablecoins, he added.