Stablecoins & CBDC

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

Council of Economic Advisers analysis modeling how the GENIUS Act's prohibition on stablecoin yield affects bank deposits and lending, finding only a small net effect on lending volumes and a net welfare cost under baseline calibration.

Topics: stablecoins, cbdc, policy, market research

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