🇺🇸 Bank of America CEO Brian Moynihan warns that allowing stablecoins to pay interest could draw up to $6T out of the US banking system, reducing banks' deposit bases. $USDC $USDT $RLUSD He said it could limit the bank's ability to lend and thus push borrowing costs higher,
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🇺🇸 Bank of America CEO Brian Moynihan warns that allowing stablecoins to pay interest could draw up to $6T out of the US banking system, reducing banks' deposit bases. $USDC $USDT $RLUSD He said it could limit the bank's ability to lend and thus push borrowing costs higher,