CLARITY Act: Banking Members Warns Stablecoin Yield Could Drain Deposits
Banking groups warn stablecoin yield could lead to deposit outflows, raising funding costs and reducing lending under CLARITY Act debate.
Banking groups warn stablecoin yield could lead to deposit outflows, raising funding costs and reducing lending under CLARITY Act debate.
White House analysis shows stablecoin limits in the CLARITY Act barely affect lending but could add $800M in annual consumer costs.
CLARITY Act debate intensifies as White House report on stablecoin yields sparks pushback from banks over funding risks.
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