White House crypto adviser says banks shouldn't fear stablecoin yield
A White House crypto adviser has stated that banks should not be concerned about the yield offered by stablecoins, emphasizing that these digital assets can coexist with traditional banking systems. The adviser highlighted the potential benefits of stablecoins, including increased financial inclusion and innovation in the payment sector. They also noted that regulatory frameworks are being developed to ensure consumer protection and market stability. The comments aim to alleviate fears among banks regarding competition from stablecoins while encouraging a collaborative approach to digital finance.
Read the full article: Coin Telegraph