White House Schedules Third Stablecoin Yield Meeting

The White House will host a third meeting on stablecoin yields. It is scheduled for February 20, 2026, at 9:00 a.m. ET. A small group of representatives from major crypto firms and large banks will attend. The session follows two earlier meetings that failed to resolve a growing dispute.

That discussion is over whether platforms should offer yield or rewards on stablecoins. The issue has become urgent as lawmakers work on broader digital asset legislation. Officials want progress before momentum stalls again in Congress.

The Core Dispute Over Stablecoin Yields

At the center of the debate is a simple but sensitive question. Should stablecoins offer yield to users? Banks argue that allowing yield on stablecoins turns them into direct competitors to savings accounts. They say this could blur the line between traditional deposits and digital dollars. Large financial institutions want strict limits or even a broad ban on yield features. Especially for platforms that don’t issue the stablecoin themselves.

Crypto firms see the issue differently. They argue that rewards and on-chain incentives drive innovation. In their view, yield can come from decentralized finance tools. Including liquidity pools or other blockchain-based systems. They say banning yield would slow growth and weaken U.S. competitiveness in digital finance.

Banks Warn of Massive Deposit Shifts

Banks have raised strong economic concerns during earlier White House meetings. They warn that if stablecoins offer competitive yields. Then consumers may move funds out of bank accounts. Some estimates suggest up to $500 billion in deposits could shift over the next few years.

Regional banks would likely feel the most pressure. These institutions rely heavily on deposits to fund loans and daily operations. Bank representatives reportedly presented formal principles in prior sessions. They pushed for tight definitions of what stablecoin issuers and exchanges can legally offer. From their perspective, stablecoin yields create an uneven playing field. They argue banks face strict capital rules, while crypto platforms operate under different standards.

Crypto Industry Pushes for Compromise

Crypto leaders continue to push back. Companies such as Coinbase and Ripple have participated in discussions. Industry groups argue that stablecoin rewards don’t equal traditional bank interest. They say the technology allows new models that should not be treated as old products.

Participants described the second meeting earlier this month as more detailed and productive. Still, no agreement emerged. Now, the third meeting is seen as critical. Meanwhile, the broader CLARITY Act remains stalled in Congress. Lawmakers want clearer rules for digital assets and stablecoins. Without a compromise on yields. The progress may slow further.

For now, both sides remain at the table. That alone signals the issue is too important to ignore. The outcome of this White House’s third meeting could shape how stablecoins grow in the United States. Investors, banks and crypto builders will watch closely.

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