JPMorgan CEO Jamie Dimon has advocated for stablecoin reward mechanisms to operate under the same regulatory environment as banks. In an interview with CNBC, Dimon emphasized that platforms holding customer funds and paying interest on balances are essentially engaging in banking activities and should be subject to equivalent regulatory standards. He suggested that a viable compromise would be to offer rewards solely for transactional activities rather than interest on account balances, as the latter constitutes banking and should be regulated accordingly.