White House Crypto Adviser Says Banks Should Not Fear Stablecoin Yields

A senior White House crypto policy adviser has addressed the growing concerns of traditional financial institutions regarding the competitive pressure from stablecoin yields. The official suggested that banks should not view the high interest rates often associated with digital assets as a direct threat to their business models. Instead, the adviser emphasized that stablecoins, when properly regulated, can coexist with the traditional banking sector by providing increased liquidity and modernizing payment infrastructures. The administration continues to advocate for a balanced regulatory framework that protects consumers and maintains financial stability while encouraging innovation within the digital asset space, allowing banks to eventually integrate these technologies rather than resisting them.

Source: White House crypto adviser says banks shouldn’t fear stablecoin yield