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Major Exchange CEO Debates France's Central Bank Chief at Davos Over Stablecoin Yields and Bitcoin
Source: CryptoNewsNet Original Title: Coinbase CEO Brian Armstrong spars with France’s Central Bank chief at Davos over yield and ‘bitcoin standard’ Original Link: https://cryptonews.net/news/legal/32315842/ At the World Economic Forum in Davos, Switzerland, a panel discussion on blockchain turned into a heated debate between a major exchange CEO and France’s Central Bank Governor François Villeroy de Galhau over stablecoin yields and bitcoin.
While the panel titled “Is Tokenization the Future?” was intended to focus on tokenization, the discussion primarily centered on stablecoin rewards, bitcoin, and the state of U.S. Senate discussions over the CLARITY Act, which was recently delayed after the exchange withdrew its support.
The main point of contention centered on stablecoins—specifically, whether fiat-pegged tokens should pay interest to holders. The exchange CEO framed the issue as a matter of global competitiveness and consumer rights.