White House: stablecoin yield ban would barely boost bank lending
- —White House advisers assessed the effect of a stablecoin yield ban on banks as minimal
- —User costs from the ban, in their estimate, significantly outweigh the benefits to banks
- —The question of stablecoin yield remains contentious in U.S. regulation
Why it matters: The White House argument weakens the banks' position in the stablecoin yield debate, reducing the risk of restrictions for USDT and USDC holders.
Source: CriptoNoticias