Effects of Stablecoin Yield Prohibition on Bank Lending
By Fayette County Discussions
The White House announced on April 8, 2026: Executive Summary The GENIUS Act, signed into law in July 2025, requires stablecoin issuers to maintain reserves backing outstanding stablecoins on at least a one-to-one basis. Reserves may only consist of certain specified assets, including US… [National]
The White House issued the following white house research on April 8, 2026:
Executive Summary The GENIUS Act, signed into law in July 2025, requires stablecoin issuers to maintain reserves backing outstanding stablecoins on at least a one-to-one basis. Reserves may only consist of certain specified assets, including US dollars, federal reserve notes, funds held at certain insured or regulated depository institutions, certain short-term Treasuries and Treasury-backed reverse […] The post Effects of Stablecoin Yield Prohibition on Bank Lending appeared first on The White House .
[National]
Read the full original release: https://www.whitehouse.gov/research/2026/04/effects-of-stablecoin-yield-prohibition-on-bank-lending/
--- Source: The White House (whitehouse.gov). This item is reported by the official White House and is presented here as a public information service. Fayette County Discussions links readers to the original release and does not reproduce the full text. All statements and political claims are attributed to the White House and are not independently verified by Fayette County Discussions.
Statements and political claims are attributed to the White House and are not independently verified by Fayette County Discussions.