White House study bolsters crypto's stance in stablecoin yield fight against bankers

White House study bolsters crypto's stance in stablecoin yield fight against bankers.

• AWhite House reportreleased Wednesday directly challenges the banking industry's claims that stablecoin yields would drain deposits and weaken lending to households and small businesses
• Instead, banning those stablecoin rewards would have only a negligible impact on credit creation, the analysis, released by the Council of Economic Advisers (CEA), found
• The White House economists behind the 21-page report said their findings are based on a stylized economic model calibrated with Federal Reserve and FDIC data on deposits, lending and bank liquidity, as well as industry disclosures on stableco