White House Backs Stablecoin Rewards, Urges Banks to Adapt in Key Meeting

In a pivotal meeting, White House officials signaled support for certain stablecoin reward programs, directly urging traditional banks to accelerate their adaptation to the evolving digital asset landscape. The discussion highlighted a potential regulatory pathway for stablecoins that offer yield, marking a significant shift in the government's engagement with crypto innovation. Authorities emphasized the need for banks to modernize their services, framing digital assets as an inevitable part of the future financial system. This move is seen as a step toward clearer regulations that could legitimize and stabilize the sector for institutional participation.