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Morning Edition · Monday, August 17, 2026Published at 1:44 AM EDT · New York
The Fight Over Who May Pay Yield on Stablecoins Reaches $307 Billion in Supply
Banks want the statutory ban on issuer interest extended to affiliates and third parties, a rule that would decide whether dollars sit in deposits or in tokens as national debt approaches $40 trillion.
The unresolved question in United States stablecoin policy is not whether tokens are legal. It is whether anyone may pay a holder for using one. CoinDesk reports that bankers want savers kept in lower-yield deposits for the stability of a s…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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