Stablecoin Yields Won't Harm Banks, White House Economists Say

Stablecoin Yields Won't Harm Banks, White House Economists Say Authored by Amin Haqshanas via CoinTelegraph.com, A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would no...