Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending

Stablecoin maturation could siphon trillions from U.S. banks, shrinking lending capableness and raising borrowing costs, arsenic Bank of America warns lawmakers that integer dollars whitethorn softly reshape recognition markets and backing crossed the fiscal system. Bank of America Warns Stablecoins Could Drain Bank Deposits A large U.S. fiscal instauration highlighted imaginable risks tied to the […]