That said, banks remain unconvinced, according to one insider. The source noted that even when stablecoin reserves return to the bank, they “don’t always come back in the same form.” Additionally, the source noted that stablecoin yields would prompt large outflows from banks, forcing institutions to restructure their entire lending systems to maintain stability.
Community reaction is largely supportive of the White House study, as it legitimizes the global adoption of stablecoins. The research is now a substantial point of reference for the CLARITY Act, which is expected to receive a markup in April and move to Senate voting in May.
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