White House Economists Say Stablecoin Yield Ban Would Barely Lift Bank Lending

The White House Council of Economic Advisers said in an April 8 report that banning crypto companies from offering yield on stablecoins would increase overall bank lending by just 0.02%, or about $2.1 billion. The report also estimated community bank lending would rise 0.026%, or about $500 million, indicating only a limited benefit for traditional lenders. The update comes as Congress remains stalled on the CLARITY Act and stablecoin regulation.

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