{"id":567620,"date":"2026-03-12T05:54:06","date_gmt":"2026-03-12T05:54:06","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/03\/12\/stablecoin-yields-will-bring-fresh-money-to-us-banks-white-houses-witt\/"},"modified":"2026-03-12T05:54:06","modified_gmt":"2026-03-12T05:54:06","slug":"stablecoin-yields-will-bring-fresh-money-to-us-banks-white-houses-witt","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/03\/12\/stablecoin-yields-will-bring-fresh-money-to-us-banks-white-houses-witt\/","title":{"rendered":"Stablecoin yields will bring fresh money to US banks: White House&#8217;s Witt"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YjI5MmQtMDZmZC03Nzg4LWFjNmMtZjc2NDMwNmE5YTVlLmpwZw==.jpg\" alt=\"Stablecoin yields will bring fresh money to US banks: White House's Witt\" class=\"type:primaryImage\" \/><\/p>\n<p>Global demand for the US dollar is \u201cmassive,\u201d and stablecoin yields will only bring more interest to the currency, argued the White House crypto chief.<\/p>\n<p>Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick Witt, amid debate over whether stablecoin yields will draw deposits away.\u00a0<\/p>\n<p>\u201cForeigners exchange local currency for stablecoins from a US-based issuer,\u201d Witt <a title=\"https:\/\/x.com\/patrickjwitt\/status\/2031894791764447598?s=20\" href=\"https:\/\/x.com\/patrickjwitt\/status\/2031894791764447598?s=20\" target=\"_blank\" rel=\"nofollow noopener\">said<\/a> in an X post on Wednesday, adding that \u201cglobal demand for USD is massive.\u201d<\/p>\n<p>\u201cThat is net new capital entering the American banking system,\u201d Witt said. Most US stablecoin issuers hold US dollars or US Treasuries to back each token issued.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/stablecoin-yields-united-states-banking-clarity-act-white-house\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Global demand for the US dollar is \u201cmassive,\u201d and stablecoin yields will only bring more interest to the currency, argued the White House crypto chief. Stablecoin yield providers will inject more capital into the US banking system, argues White House Council of Advisors for Digital Assets executive director Patrick Witt, amid debate over whether stablecoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":567621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-567620","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/567620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=567620"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/567620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/567621"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=567620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=567620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=567620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}