Why Prohibiting Interest-Bearing Stablecoins Fails to Protect Banks

The post Why Prohibiting Interest-Bearing Stablecoins Fails to Protect Banks appeared first on Coinpedia Fintech News Following multiple requests from the US Senate Banking Committee for research on stablecoins, the White House Council of Economic Advisers (CEA) has published a study concluding that stablecoins and their yields pose no threat to bank deposits. According to the report, eliminating interest on stablecoins would increase banks’ lending capacity by a mere 0.02% (roughly …