TechFlow News: On April 13, according to reporter Eleanor Terrett, the American Bankers Association (ABA) publicly criticized the stablecoin report recently released by the White House Council of Economic Advisers (CEA), arguing that the report’s analytical approach is flawed and overlooks more fundamental policy risks. The ABA warned that permitting stablecoins to pay interest could trigger massive deposit outflows from community banks, raise funding costs, and thereby tighten local credit supply. The ABA stated: “The CEA report focuses on the impact of banning interest payments, inadvertently creating a false sense of security while sidestepping a far more disruptive scenario—the rapid, large-scale expansion of interest-bearing payment stablecoins.”
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