Banks Push Congress to Block Stablecoin Yields Protecting $360B Revenue Engine

U. S. banks are lobbying Congress to extend restrictions on stablecoin rewards, warning that crypto-linked yields threaten a core revenue model built on payments and deposits. The push targets income streams worth more than $360 billion annually, costs that critics describe as a hidden tax on American households approaching $1,400 per year source: https://www.ethnews.com/banks-push-congress-to-block-stablecoin-yields-protecting-360b-revenue-engine/