by: xpoolPosted on:

Citi Warns Stablecoin Interest Could Trigger $6.6 Trillion Banking Flight

A Citi executive has issued a stark warning: allowing interest payments on stablecoins could trigger a massive exodus of deposits from traditional banks, potentially draining $6.6 trillion from the system. This scenario echoes the 1980s money market fund boom that upended finance, prompting concerns about the stability of the banking sector.

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