[White House Crypto Advisor: Stablecoins Compliant with the 'GENIUS Act' Could Drive Net Inflows of Dollar Deposits into the U.S. Banking System] According to a report by Jinse Finance, Patrick Witt, Executive Director of the U.S. President's Digital Assets Advisory Board, stated that during discussions about 'rewards/yield,' a frequently overlooked fact is that stablecoins compliant with the requirements of the 'GENIUS Act' could actually lead to deposit inflows. The global demand for the U.S. dollar is enormous. Foreign users would exchange their local currencies for stablecoins issued by U.S. institutions. This implies new net inflows of funds into the U.S. banking system.