White House Report Rejects Stablecoin Yield Ban, Citing $800M Consumer Cost and Minimal Lending Gains

TLDR: A stablecoin yield ban would cost consumers $800M while increasing bank lending by a mere 0.02% of total loans. Community banks would gain only $500M in additional lending, representing a negligible 0.026% rise under the yield ban. Even under worst-case assumptions, a yield ban pushes bank lending up by just 4.4%, far below earlier [...]

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