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Ji Kim
@_jikim
CEO @crypto_council. Formerly @Gemini, @KrakenFX, & @WillkieFarr. Tweets are not legal or financial advice. Views mine.
๊ฐ€์ž… June 2023
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Stablecoin rewards are market-based incentives, which benefit consumers. Stablecoin rewards facilitate customer acquisition, allow for customer loyalty, build merchant acceptance, and ensure continued U.S. leadership over stablecoin innovation and adoption. As @faryarshirzad points out, if the U.S. limits stablecoin rewards, consumer adoption can and will move offshore, along with the underlying technology, developers, and much more, which will only negatively impact the U.S. and continued dollar dominance. "[T]he ability to offer rewards. . . means lower costs, more choice, and a more competitive payments system for Americans." ๐Ÿ’ฏ๐Ÿ‡บ๐Ÿ‡ธ
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