Coin World news: Brad Sherman criticized a proposal to distribute government payments through stablecoins at a congressional hearing, warning that such a system could support tax evasion. He said the risks of using stablecoins for government payments outweigh any potential benefits. Sherman’s criticism came after National Credit Union Administration chair Kyle Hoptman suggested that stablecoins could speed up government payments. Hoptman told lawmakers that dollar-pegged tokens run 24/7, allowing tax refunds and emergency payments to reach recipients outside traditional banking hours. Sherman also expressed concern about interest-bearing stablecoins, saying legal professionals are already looking for ways to evade limits on interest payments, and urged regulators to set rules that can prevent such outcomes.