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ABA Accuses White House Of Asking The Wrong Question On Stablecoin YieldThe American Bankers Association (@ABABankers) has published a direct rebuttal to a new Council of Economic Advisers paper on payment stablecoins, accusing the White House body of framing the wrong policy question entirely.The CEA paper asked what happens to bank lending if stablecoin issuers are prohibited from paying yield, concluding a ban would add only $1.2 billion to lending. ABA economists Sayee Srinivasan and Yikai Wang call tha ...