Banks challenge White House report on stablecoin yields

Banks challenge White House report on stablecoin yields

1.72%TRX$0.3214 0.30%LINK$9.17 4.60%ADA$0.2421 1.64%BCH$437.12 2.62%XRP$1.36 2.34%ETH$2,361 7.15%BTC$74,294 4.56%XMR$345.41 0.44%BNB$613.20 2.48%XLM$0.1544 2.52%SOL$85.60 4.35%HYPE$44.80 8.06%USD Written by Brayden Lindrea,Staff WriterReviewed by Jesse Coghlan,Staff EditorBanks challenge White House report on stablecoin yields58 minutes agoThe American Bankers Association is concerned that stablecoin yields would lead to mass deposit outflows from smaller community banks. The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.” The White House’s Council of Economic Advisers claimed in a research paper on Wednesday, on the “Effects of Stablecoin Yield Prohibition on Bank Lending,” that under a baseline scenario, bann

Source: https://cointelegraph.com/news/banks-criticize-white-house-report-favoring-stablecoin-yield-clarity-act?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound