White House economists find stablecoin rewards pose minimal risk to bank lending

Suited economist presenting a White House CEA report on stablecoins with documents and a laptop on the table.

The White House Council of Economic Advisers has pushed back against one of the banking sector’s core arguments against yield-bearing stablecoins, concluding that a ban would do very little to lift credit creation while imposing a real cost on consumers. In a report published on April 8, 2026, the CEA said eliminating stablecoin yield would […]