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)