White House economists have stated that stablecoin rewards are unlikely to harm the banking sector. According to a Bloomberg report, the economists believe that prohibiting yields on stablecoins would only marginally increase bank lending by 0.02%. This assessment suggests that the impact of stablecoin rewards on traditional financial institutions is minimal, alleviating concerns about potential disruptions.
White House Economists: Stablecoin Rewards Pose No Threat to Banks
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