by: xpoolPosted on:

US Banks Fear $6.6 Trillion Deposit Exodus Amid Stablecoin ‘Loophole’

Concerned about a potential financial disruption, US banks are urging Congress to close loopholes that could lead to massive withdrawals from traditional banking systems. The call comes after the passage of the GENIUS Act, which sets rules for stablecoin issuers, but doesn’t explicitly ban interest payments, creating an avenue for exploitation.

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