Coinbase Defends Stablecoin Rewards Program Against Banking Industry Pressure

Cryptocurrency exchange Coinbase is actively opposing efforts from the banking sector to restrict or eliminate programs that reward users for holding stablecoins. The company argues that such rewards are a legitimate and valuable service for customers, providing yield opportunities in the digital asset ecosystem. This stance puts Coinbase in direct conflict with traditional financial institutions that may view these programs as competitive threats or regulatory gray areas. The outcome of this pushback could significantly impact the accessibility of yield-generating products for mainstream crypto users and shape the future integration of stablecoins within the broader financial landscape.