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Banking Industry Challenges White House Findings on Stablecoin Yields
On April 8, the White House unveiled a comprehensive 21-page analysis examining how a stablecoin yield prohibition would impact bank lending capacity. The Council of Economic Advisers determined that such a ban would expand bank lending by approximately $2.1 billion—a mere 0.02% increase relative to the $12 trillion total loan portfolio.The analysis further determined that American consumers would forfeit approximately $800 million in earnings should yield restrictions take effect. White House economic researchers concluded that interest-bearing stablecoins pose minimal risk of triggering substantial deposit ... (full story)
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From @FirstSquawk|Apr 14, 2026|12 commentsBeijing’s foreign ministry said the U.S. action targeting Iranian ports is “dangerous and irresponsible.” China’s foreign ministry says increased U.S. military deployment will only aggravate tensions, referring to the blockade of Iranian ports.
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