According to Forbes, the White House Council of Economic Advisers (CEA) released a report stating that if stablecoin yield were comprehensively banned, total U.S. bank loans would increase by only about $2.1 billion, accounting for 0.02% of the overall loan market, but would cause American consumers to lose approximately $800 million in net benefits each year. The report pointed out that about 88% of the reserves held by major stablecoin issuers are allocated to U.S. Treasuries and repurchase agreements, meaning most of the funds are still circulating within the financial system; even under the most extreme assumptions, the upper limit on the increase in bank lending would be only $531 billion, or 4.4% of total loans. The report refuted earlier predictions that competitive stablecoin yields would lead to a $1.5 trillion loss in loans.