★Coinbase’s Armstrong says big banks are trying to choke off stablecoin yields

"This narrative highlights an emerging battle for control over digital asset yield generation, pitting established financial institutions against crypto-native platforms. Restricting stablecoin yields could redirect significant capital flows, impacting market structure and the competitive landscape for institutional liquidity providers. This underscores the critical importance of regulatory clarity for stablecoins, which will dictate future revenue streams and systemic integration."