White House weighs reconvening talks with banks and the crypto industry on stablecoin yields

The White House is said to be considering reopening discussions on stablecoin yields between the banking sector and the digital asset (cryptocurrency) industry.

On the 17th (local time), Crypto in America host Eleanor Terrett said on X (formerly Twitter) that the White House is weighing reconvening, on the 19th (local time), a meeting on stablecoin yields involving representatives from banks and the crypto industry.

Whether stablecoins should pay yields has recently emerged as a key point of contention in deliberations over the 'CLARITY Act,' a digital-asset market structure bill, and in talks on stablecoin regulation. Banks have voiced concerns about deposit substitution, while the crypto industry has argued that offering yields should be permitted provided user-protection safeguards are in place.

If the meeting is ultimately held, attention will focus on whether it could influence efforts to narrow differences between the two sides and set the direction of future regulation.