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Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits – Decrypt
Interest-bearing stablecoins could take $6 trillion out of bank deposits according to Bank of America’s CEO, who argued that small-to-medium-sized businesses could be hurt as a result. Brian Moynihan’s statements, citing data from U.S. Treasury reports, come amid controversy about whether to allow amendments to the recently delayed crypto bill being debated by the Senate Banking...
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