This is very important. Allowing Stablecoin Yields for deposits is super helpful for RWA adoption.
The future of assets is on-chain, and stablecoins are a foundational piece of the puzzle.
šØCLARIY ACT: WHITE HOUSE ADVISERS REJECT BAN ON STABLECOIN YIELD
The White House Council of Economic Advisers has released a study concluding that a ban on stablecoin yield would fail to significantly boost bank lending while actively harming consumers.
Official data indicates that eliminating yield would increase lending by a negligible 0.02%, roughly $2.1 billion, resulting in a net welfare loss.
The report dismisses "deposit flight" fears as quantitatively small, noting that the majority of stablecoin reserves stay within the traditional banking system.