Stablecoins & CBDC

Federal Reserve - The Council of Economic Advisers April 2026Effects of Stablecoin Yield Prohibition on Bank Lending (Apr 2026)

Analyzes how banning yield on stablecoins could shift deposits back to banks, affecting funding costs and credit supply. Frames stablecoin design as a policy lever with implications for bank lending and financial stability.

Topics: stablecoins, federal reserve, policy, financial stability

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