White House Stablecoin Talks Stall, But BlackRock Deepens On-Chain Push With Uniswap
In a setback to the CLARITY ACT, White House mediation talks between major US banks and crypto firms have stalled again. This time, over the controversial yield rules for stablecoins.
Cryptocurrency legislation remains stuck in the mud, but institutional acquisitions are not awaiting approval. While high-profile discussions at the White House about stablecoin regulations ended this week, BlackRock is taking a deep dive into the industry by bringing its tokenized BUIDL fund directly to Uniswap.
Bitcoin fell below $67,000 as the news broke, reflecting market concerns over the lack of legislative progress in Washington.
However, is it safe to say that the Wall Street giants are ready to build on the railroad, no matter how slow the political process is.
For investors, this creates a confusing split screen. Legal delays in the Senate keep clear rules out of reach, yet the technology is being embraced by the world’s biggest financial players.
On February 11, 2026, BlackRock partnered with exchange Uniswap to allow direct trading of its $2.4 billion BUIDL fund. Through Uniswap, BlackRock allows its accredited investors to trade US Treasury token bills instantly, 24/7. This is a major stamp of approval for DeFi technology. Can we say, traditional finance sees blockchain as an efficient way to move billions of dollars?
Today, we are announcing a strategic partnership @Securitizeto do @BlackRock The USD Institutional Digital Liquidity Fund (BUIDL) is available for trading on UniswapX through Securitize pic.twitter.com/eXfnLTUkVU
– Uniswap Labs (@uniswap) February 11, 2026
This follows the trend of traditional bulls entering the space. We’ve already seen Fidelity explore stablecoin structures, proving that institutional appetite is growing despite the lack of a final regulatory letter from the government.
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What is the “Stablecoin Yield” Controversy?
Let’s start with what the clear law is. The bill aims to provide regulatory clarity for digital goods, and has a 1 March 2026 deadline looming.
In fact, in an exclusive interview with 99Bitcoins.comDavid Duong, Head of Global Research, Coinbase Institutional said he hopes the bill will pass in 2026! “I think we have already achieved stablecoin oversight. The clarity of the market structure will also emerge,” Duong emphasized.
To understand why politicians stand, you have to follow the money. Stablecoins are cryptocurrencies pegged to the dollar. One can think of it as a digital currency. The debate in the White House is about “yield,” which cheap money refers to the interest you get on your money.
Currently, some stablecoin issuers want to pass on the interest benefits to you—possibly offering a 3-4% return for holding the token. Banks, which often offer almost zero interest on checking accounts, see this as a major threat. If you can hold a digital dollar that pays high interest, why would you keep your money in a traditional bank?
This week’s closed-door meeting between bankers and crypto leaders was supposed to resolve this, but ended without an agreement. CryptoSlate pointed out that the sticking point is whether these rewards make stablecoins look like investment contracts (securities), which can cause a strong orientation.
Until they agree on whether these payments are “rebates” or “dividends,” the legal definition needed for widespread adoption remains pending in Congress.
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BlackRock Move: A Long-Term Bullish Signal?
The conflict in Washington has a real victory for your wallet. If the US decides to lower stablecoin yields to protect banks, US users may be cut off from income opportunities available around the world. Legal experts note that without consensus, legislation such as the DISCLAIMER Act cannot move forward.
However, BlackRock’s move is a long-term bullish signal. It shows that the “pipelining” of crypto, smart contracts and exchanges, is strong enough for the most important investors in the world. Even if the regulations are slow, the market demand cannot be denied. This is evidenced by the steady growth of stablecoin usage around the world.
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Key Takeaways
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In an special discussion via 99Bitcoins.com, David Duong, Head of Global Research, Coinbase Institutional said he is optimistic that the CLARITY bill will pass in 2026!
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Meanwhile, uttraditional banks continue to see high-yield stablecoins as an existential threat to their deposit base.
The post White House Stablecoin Talks Stall, But BlackRock Deepens On-Chain Push With Uniswap appeared first on 99Bitcoins.
