🔗 Crypto & Blockchain

White House Crunches Numbers: Stablecoin Yields Barely Dent Banks

White House economists just gut-punched the banking lobby's stablecoin panic. Their math shows yields won't torch small banks' deposits—it's a rounding error.

White House Council of Economic Advisers report cover on stablecoin yield analysis

⚡ Key Takeaways

  • White House CEA models show stablecoin yield bans boost bank lending by only 0.02%, debunking deposit flight hysteria. 𝕏
  • Community banks would see minimal gains ($500M), even in extreme growth scenarios. 𝕏
  • Report pressures Congress on Clarity Act, favoring consumer benefits over bank protections. 𝕏
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Originally reported by Decrypt

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