Deposit Flight Concerns Over Stablecoin Yield Are ‘Quantitatively Small’: White House Report
A White House Council of Economic Advisers study released Wednesday concludes that banning stablecoin yield would have minimal impact on bank lending and would harm consumers. The White House Council of Economic Advisers released a study Wednesday examining stablecoin yield and its impact on deposit flight and bank lending. The report finds that eliminating stablecoin…