"USDT and the Push for On-chain Interest: Coinbase CEO Leads the Charge"

In a bold move that could revolutionize the stablecoin industry, Coinbase CEO Brian Armstrong is leading the charge to ensure that holders of stablecoins like USDT receive a fair share of the interest earned from the reserve assets backing these digital currencies. Here’s a closer look at this groundbreaking initiative and its potential implications for the future of cryptocurrency.

Coinbase CEO Urges Lawmakers to Enable On-chain Interest for Stablecoin Holders

Coinbase CEO Armstrong is advocating for stablecoin holders to receive a share of the interest earned from the reserve assets backing dollar-pegged stablecoins such as USDT and USDC. Currently, the issuers of these stablecoins get all the interest, but Armstrong believes technology exists to enable on-chain interest for holders. However, most issuers cannot do so because of securities laws that do not grant the same exemptions to stablecoins as checking and savings accounts.

South Korean Police Launch International Manhunt for ‘OTC USDT Thieves’

South Korean police are hunting for three foreign nationals accused of fleeing the country after stealing 240 million won ($163,000) in cash as part of an OTC USDT trade. Officers in Incheon said one of the suspects is a Russian national, while the other two are from Kazakhstan. Incheon Seobu Police Station announced on April 1 that they plan to hand all three suspects over to the prosecution service, but the trio, all aged in their 20s, remain at large. Police have requested that Interpol issue a red notice for all three suspects, obliging most of the world’s police forces to arrest fugitives on sight.

Crypto Assets Trending Despite Trump Tariff Chaos

The crypto market is attempting to rebound from the shockwaves caused by President Donald Trump’s newly imposed global tariffs. While traditional markets initially saw investors fleeing to gold, digital assets are now showing slight signs of recovery. Solana (SOL), Ethereum (ETH), Ripple USD (not specifically listed as RLUSD but implied as XRP), and Tether (USDT) are leading the charge as the most discussed tokens across social media platforms. Recent data from Santiment revealed an increase in social media chatter, price predictions, and trading activity around these assets, as well as Cardano (ADA) and Binance Coin (BNB). This could signal a potential shift in trader focus despite broader macroeconomic uncertainty.