A stablecoin yield compromise could save consumers $800 million annually

Consumers could lose $800 million per year if a full ban on stablecoin yields is enacted. The White House estimated this cost to the public in a study on deposit flight risk to traditional banks. The American Bankers Association argued that allowing yields on stablecoins would pull deposits away from smaller community banks. This dispute over yield provisions has been the primary sticking point for the Senate. The House passed the CLARITY Act in July 2025, and the Senate Agriculture Committee approved its portion of the bill in January. To move forward, the Senate Banking Committee must schedule a markup vote. Only after that vote can the full Senate vote on the bill. Ripple CEO Brad Garlinghouse expects the bill to pass by the end of May.