Bank lending at just 0.02%, indicating minimal impact on credit expansion during the policy review.

Consumers may bear annual costs of around $800 million due to restrictions on stablecoin rewards that divert value away from users.
Stablecoins enable instant payments and the recycling of funds to banks through reserves, maintaining overall deposit stability.
The White House issued statements on stablecoins on April 8, coinciding with the release of a new analysis by the Council of Economic Advisers. The report addresses the impact of adopting stablecoins on bank lending during ongoing discussions in the U.S. Senate about the (CLARITY Act). According to Grayscale, the results indicate a limited impact on lending and increased consumer costs associated with yield restrictions.