Coinbase Warns U.S. Stablecoin Limits Could Boost China's Digital Yuan

2025-12-31 18:46

Coinbase's Chief Policy Officer, Faryar Shirzad, has cautioned U.S. lawmakers that imposing strict regulations on stablecoins could diminish U.S. influence in the digital asset sector. Shirzad emphasized that China's digital yuan, set to offer interest from 2026, has already seen significant adoption with 3.48 billion transactions by November 2025. Additionally, the mBridge project has facilitated $55.34 billion in cross-border payments, with 95.3% conducted in digital currencies. Shirzad advocates for balanced stablecoin regulation to ensure the U.S. retains its leadership in the global digital asset market.

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