Coinbase CEO and French central bank governor discuss stablecoins and Bitcoin at Davos

During the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong and French central bank governor Fran ç ois Villeroy de Galhau discussed issues such as the stablecoin yield mechanism and the properties of Bitcoin currency. Armstrong believes that allowing stablecoin payments to generate profits can enhance consumer returns and international competitiveness, while Villeroy is concerned that private stablecoin profits may threaten the traditional banking system and financial stability, and emphasizes that digital euros should not use profits as a means of competition. Armstrong also proposed the "Bitcoin standard" as an option to combat the devaluation of fiat currencies, which Villeroy opposed, emphasizing that monetary policy falls within the realm of national sovereignty. The attendees unanimously agreed that cryptocurrency innovation and regulation need to seek a path of coexistence in the game.