Banks Take Hard Line on Stablecoin Yields as White House Talks Stall
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Banks and crypto executives held discussions at the White House regarding stablecoin rewards, but failed to reach an agreement before the March 1 deadline. The key issue is whether crypto firms can provide yield on dollar-pegged tokens without impacting traditional bank deposits.
Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without agreement ahead of a March 1 deadline set by the administration.
The standoff centers on whether crypto firms can offer yield on dollar-pegged tokens without draining deposits from traditional banks.
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Banks Take Hard Line on Stablecoin Yields as White House Talks Stall
Share:
Banks and crypto executives held discussions at the White House regarding stablecoin rewards, but failed to reach an agreement before the March 1 deadline. The key issue is whether crypto firms can provide yield on dollar-pegged tokens without impacting traditional bank deposits.
Banks and crypto executives met again at the White House this week to settle a dispute over stablecoin rewards, but the talks ended without agreement ahead of a March 1 deadline set by the administration.
The standoff centers on whether crypto firms can offer yield on dollar-pegged tokens without draining deposits from traditional banks.
In This News
Funds
Share:
In This News
Funds
Share:
Read More
USDC Minted: Stunning 250 Million Dollar Injection Signals Major Stablecoin Movement