The White House Council of Economic Advisers has released a new study arguing that prohibiting stablecoin yield would do little to strengthen bank lending, even as it would remove a benefit that stablecoin holders can get from competitive returns. The report, published April 8, 2026, lands at the center of an ongoing policy fight over whether stablecoins should be allowed to offer yield-like products directly or through related arrangements.
The study focuses on the $GENIUS