Banking Groups Warn Yield-Bearing Stablecoins Threaten System, Call for GENIUS Act Fix
U.S. banking associations have raised alarms that stablecoins offering yields, such as USDC, could trigger significant deposit flight from traditional banks, endangering the stability of the banking system. They are urging Congress to address perceived shortcomings in the recently enacted… Read More »Banking Groups Warn Yield-Bearing Stablecoins Threaten System, Call for GENIUS Act Fix