White House Crypto Summit on February 10 Could Shape the Future of XRP, USDT, and Coinbase Stock
A pivotal meeting scheduled for February 10 at the White House is set to bring together top executives from both major U.S. banks and the cryptocurrency industry in a bid to resolve ongoing disputes over the regulation and competitiveness of stablecoins. The outcome could have far-reaching consequences for key crypto assets such as XRP, Tether’s USDT, and Coinbase’s stock (COIN).
What’s at Stake in the White House Meeting?
The summit, organized under the direction of the White House Cryptocurrency Committee, will include top banking representatives from JPMorgan Chase and Bank of America alongside leaders from crypto firms like Coinbase and Circle. This marks a significant escalation from the prior staff-level discussions, as high-level decision makers directly engage on the future of stablecoins in the U.S. financial landscape.
The core issue revolves around whether stablecoin issuers should be allowed to pay interest. Large banks are alarmed by the prospect that interest-bearing stablecoins could function as unregulated deposit accounts, fostering capital flight away from traditional banks. Their concern is that this shift could dramatically reduce deposits, constraining the banks’ ability to lend to consumers and businesses—a potential systemic risk to the economy.
Crypto companies, however, argue that banning interest payments would stifle U.S.-based innovation precisely when the global digital currency race intensifies. They contend that yields offered on products such as Circle’s USDC, typically in the 3.5% to 5% range, are simply the next step in programmable money and crucial to competing with foreign stablecoins.
Possible Outcomes and Industry Implications
The White House is reportedly seeking a middle ground that would prevent destabilization of traditional bank deposits while permitting some form of crypto-native rewards. Both camps face a deadline at the end of February to reach a compromise. If successful, this could reshape stablecoin usage and regulations in the country.
For Tether’s USDT, stricter U.S. rules could paradoxically enhance its appeal in offshore markets. Since USDT is widely used by international traders, an interest-payment ban on U.S.-regulated stablecoins might drive yield seekers toward offshore USDT, which remains outside U.S. regulations. Despite the bear market, USDT has maintained a strong dollar peg, although on-chain activity appears subdued, signaling cautious market sentiment.
At the same time, data from Glassnode shows that the number of wallets holding large USDT balances has dropped to its lowest since November 2025. This might reflect investors breaking down balances or converting holdings to fiat amid continued cryptocurrency weakness, which could temporarily impact stablecoin demand.
Impact on Coinbase and Crypto Stocks
Coinbase (COIN), a major crypto exchange and issuer of USDC, views interest income from stablecoins as a significant revenue source. A ban on retail stablecoin yields could negatively impact its near-term earnings. However, if banks gain green light to issue their own stablecoins, Coinbase’s partnership with JPMorgan positions it well as a custody and exchange platform for these new digital dollar products.
Currently, COIN’s stock price has been in a downtrend, trapped within a descending channel and facing key resistance levels that it has yet to surpass. Technical indicators suggest bearish momentum persists, and unless the White House meeting produces a breakthrough, COIN’s price could decline further toward $145 per share.
Regulatory Clarity and XRP’s Future
For Ripple and its cryptocurrency XRP, the stakes are more regulatory and structural. Passage of the awaited CLARITY Act would firmly delineate securities from payment tokens—something Ripple has long sought. This could give clarity to XRP’s legal status and foster broader adoption.
Additionally, Ripple recently launched RLUSD, a USD-pegged stablecoin intended for institutional use. How RLUSD is regulated— whether it can bear yield or must serve only as a settlement instrument—will likely hinge on the outcomes of the White House discussions.
From a technical perspective, XRP remains in a bear-market trend despite intermittent rallies. It has been trading within a descending channel since its breakout last summer, failing to hold critical support levels. The relative strength index (RSI) stays low, highlighting persistent bearish pressure.
Looking Ahead
The February 10 White House crypto summit stands as a critical juncture that may influence the trajectory of stablecoins, crypto stocks, and regulation of digital assets in the U.S. Its ramifications will extend beyond policy, directly impacting liquidity, innovation, and market dynamics in the evolving cryptocurrency ecosystem. Investors and stakeholders will be watching closely for signals of compromise or prolonged regulatory conflict.