Latest White House talks on stablecoin yield make 'progress' with banks, no deal yet

Recent discussions between the White House and banks regarding stablecoin yields have shown progress, but no formal agreement has been reached. The talks aim to address regulatory frameworks and the implications of stablecoin interest rates on the financial system. Officials are exploring how to balance innovation in the crypto space with consumer protection and financial stability. Stakeholders remain cautious as they navigate the complexities of integrating stablecoins into the broader economy. Further negotiations are expected as the administration seeks to finalize its approach.

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