The American Bankers Association refuted the White House's claim that stablecoin yields would not threaten deposits.

CoinFeed reported on April 14th, citing CoinDesk, that the American Bankers Association (ABC) released a research report refuting the White House Council of Economic Advisers' conclusion that stablecoin yields would not threaten bank deposits. The ABC argues that the White House economists' analysis started from the wrong point; they should not be studying the consequences of banning stablecoin yields now, but rather the potential impact of allowing them. The ABC points out that banning stablecoin yields is a prudent safety measure that allows stablecoins to mature as innovative payment tools, rather than becoming a risky alternative to insured deposits. Bankers warn that without intervention in stablecoin yields, the stablecoin market could rapidly expand from $300 billion to $2 trillion, accelerating the outflow of deposits from banks.