What if the next threat to traditional banks did not come from an economic crisis, but from a simple innovation in stablecoins? Brian Moynihan, CEO of Bank of What if the next threat to traditional banks did not come from an economic crisis, but from a simple innovation in stablecoins? Brian Moynihan, CEO of Bank of
An Uncertain Future For U.S. Banks Amid The Rise Of Paid Stablecoins
What if the next threat to traditional banks did not come from an economic crisis, but from a simple innovation in stablecoins? Brian Moynihan, CEO of Bank of America, warns that the rise of yield-bearing stablecoins could trigger a massive outflow of bank deposits, thus disrupting the balance of the American financial system. This worrying scenario for traditional institutions could see their role as lenders severely affected by this new form of digital competition.
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