👀 BANKS SAY WHITE HOUSE GOT STABLECOINS ALL WRONG


U.S. banks say the White House is asking the “wrong question” on stablecoin yield. They argue the real issue isn’t whether banning yields affects lending, but whether allowing yields could pull deposits out of banks especially smaller ones. The White House report found a ban would boost lending by $2.1B (~0.02%), suggesting minimal effect on the system. #crypto
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