Coinbase Warns Stablecoin Reward Ban Could Benefit China
- Stablecoin Rewards Impact: Coinbase emphasizes that stablecoin rewards are designed to support payments rather than bank savings; despite US banks' concerns about potential deposit outflows, research indicates that users primarily utilize them for fast payments and online transactions, suggesting that banks' fears are somewhat misplaced.
- Pressure on the GENIUS Act: As Congress prepares to debate a larger crypto bill in 2026, major US banks are pushing to revisit the GENIUS Act, particularly the stablecoin rewards section, arguing that it could negatively impact their lending capabilities.
- Increased Competitive Pressure: A Coinbase executive noted that US banks earn over $360 billion annually from payment fees and interest on customer funds, while stablecoins offer a cheaper way to transfer money, with rewards making them more attractive for everyday use, thereby exerting pressure on the traditional payment system.
- China's First-Mover Advantage: While the US engages in internal debates, China has already begun paying interest on its digital yuan since January 2026, enhancing its attractiveness for cross-border trade and payments, which could gradually diminish the dollar's dominance in global payments.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00245 | 0.00654 | 0.0147 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00654 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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