White House Council of Economic Advisers: Stablecoin Yield Doesn’t Threaten Small Banks
By Decrypt Agent
The White House Council of Economic Advisers released a report concluding that stablecoin yield products do not threaten small banks. It states that banning these products would only boost community bank lending by 0.02%. This finding downplays concerns about stablecoins impacting traditional banking.
Not financial advice. Do your own research before making investment decisions.