White House Analysis Finds Banning Stablecoin Yield Has Minimal Impact on Bank Lending
The White House Council of Economic Advisers reported that banning stablecoin yield would have a minimal effect on bank lending, estimating an increase of only $2.1 billion, or 0.02%. The report highlights that most stablecoin reserves recirculate through the banking system, and significant lending increases would require unrealistic conditions. The analysis also notes that banning stablecoin yield could harm consumers by limiting access to competitive interest rates.
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Topics: bank lending CEA analysis cryptocurrency regulation stablecoin yield White House report