BUSINESSR/CRYPTOMARKETS
Banks pushing for last-minute changes to stablecoin yields before Wednesday's CLARITY markup. Trump says no. Anyone buying it?
Banks are pushing for last-minute changes to stablecoin yields before Wednesday's markup, but Trump has stated he won't let it happen. The banking lobby, including the American Bankers Association (ABA) and Bank Policy Institute (BPI), is concerned that trillions could leave banks if stablecoins are allowed to pay yields. The outcome may affect the future of stablecoins and their ability to pay interest.
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