BREAKING:

White House says stablecoin rewards won’t harm banks.

White House economists said that prohibiting yield would boost traditional lending marginally by 0.02%, or $2.1 billion, most of which would come from large banks rather than community lenders.

This is quite opposite of BoA claims that allowing stablecoins to pay yields could result in a 'deposit outflow' of up to $6.6 trillion.#CryptoMarketRecovery