Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill....
In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system....
Article URL: https://www.theatlantic.com/technology/2026/01/america-polymarket-disaster/685662/ Comments URL: https://news.ycombinator.com/item?id=46689143 Points: 8 # Comments: 1...
Article URL: https://www.msn.com/en-us/money/markets/america-is-slow-walking-into-a-polymarket-disaster/ar-AA1Upfdb Comments URL: https://news.ycombinator.com/item?id=46670524 Points: 14 # Comments: 5...
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Why regulation favors stablecoins over Bitcoin for salaries and how compliance, volatility and payroll rules are shaping crypto wage adoption worldwide....