The white wire used to be a separate winding for powering lights.
All recent stators seem to have ditched the winding and just soldered the white wire to the same tab as the blue. They are equivalent.
Just cut it and cap it.
Alternatively, one could use it for the kill circuit, but I'd just get it out of the picture to prevent any confusion.
If it gets grounded accidentally though, it will act just like a kill switch since it is the same as your blue wire.