Regulations & Policy
Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks
•1 min read
Bank of America CEO Brian Moynihan cautioned that interest-bearing stablecoins could potentially siphon up to $6 trillion from U.S. banks, according to studies he referenced during an earnings call. The comments highlight growing concerns over the impact of yield-bearing digital currencies on traditional banking systems.
Read the full story at CoinTelegraph →
Source: CoinTelegraph · Report an issue