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 ...

JUST IN: 🇺🇸 White House releases study saying that banning stablecoin yield "would do very little to protect bank lending" and that concerns around bank deposit flight are exaggerated.Bullish for the Bitcoin & crypto market structure bill! 🚀 https://t.co/LGOMi3MrmK ...

The country lags behind when it comes to the use of private credit, which offers more flexible terms than conventional bank lending. There are, however, signs this is changing https://t.co/gN8pxjIBd4 ...