The White House has published its stablecoin yield study.
This report was commissioned and prepared by the Council of Economic Advisers to the White House, which assessed the impact of stablecoins on regional banks and deposits. It showcases that if yields were prohibited, lending activities would only increase by 0.02%.
The report is the latest development of the process of passing the Clarity Act.
Originally, stablecoins had very little to do with this piece of legislation, as the bill is meant to create a constructive framework for managing and regulating the broader digital asset space.
However, a few weeks prior, its release was deemed vital to get more support from senators. There is a hope that end of April will see the Senate Banking Committee perform its first markup of the bill.
