The White House Council of Economic Advisers built a model to test the claim, and the results are striking. Simply put, 'a yield prohibition would do very little to protect bank lending, while forgoing the consumer benefits of competitive returns on stablecoin holdings.'
Stablecoins have effectively become the operational dollar inside crypto markets, handling settlement, liquidity, and pricing across nearly every major trading pair. Fiat token pairs such as BTC/USDT and ETH/USDC offer deeper liquidity, tighter spreads, and round-the-clock access without the friction tied to traditional banking hours or settlement delays.
The problem was not growth or demand or even competition. It was settlement. Payments took days to clear. Reconciliation took weeks. Cash piled up in the wrong places. Finance teams spent their time explaining why the numbers did not match instead of planning what came next.
Anyone who's building a stablecoin wallet needs to have a card connected to it if they want consumers and businesses to be able to have that value held in the wallet spent in the real world. This integration between crypto infrastructure and traditional payment networks enables practical utility for stablecoin holders seeking real-world transaction capabilities.
Fintechs are increasingly adopting stablecoins-a non-volatile type of cryptocurrency typically pegged to the US dollar. When it comes to payments and money transfers, stablecoins offer clear advantages but developing the infrastructure to support them can be slow and costly. This is where Levl wants to fill the gap. The startup aims to build a platform where digital wallets and other fintechs can seamlessly send money around the world using stablecoins.
The blockchain is coming to Wall Street. The New York Stock Exchange (NYSE) said on Monday that it was developing a platform to trade tokenized securities, digital representations of assets like stocks and bonds. But exactly when the 233-year-old financial institution will turn it on is still up in the air. Supporters of the technology argue that the change could modernize the NYSE, giving traders some of the same advantages that are enjoyed by investors in the cryptocurrency world.
Every year, workers around the globe send approximately $900 billion to their families back home and, when it comes to helping them send that money, the market is suddenly up for grabs. The reason is the recent momentum behind stablecoins, which offer an easy way to move money across borders-and for a far cheaper price than legacy transfer systems, whose fees can reach as high as 6%.
