Concerns over stablecoins offering interest returns have echoed the 1980s deposit flight, with Treasury data suggesting up to $6.6T in outflows. Banks have lobbied Congress on GENIUS Act gaps, while Citi has examined a digital token and crypto platforms continue to provide rewards to holders.Concerns over stablecoins offering interest returns have echoed the 1980s deposit flight, with Treasury data suggesting up to $6.6T in outflows. Banks have lobbied Congress on GENIUS Act gaps, while Citi has examined a digital token and crypto platforms continue to provide rewards to holders.
Citi Executive Warns Stablecoin Interest Payments Could Drain Bank Deposits Like the 1980s Crisis
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Concerns over stablecoins offering interest returns have echoed the 1980s deposit flight, with Treasury data suggesting up to $6.6T in outflows. Banks have lobbied Congress on GENIUS Act gaps, while Citi has examined a digital token and crypto platforms continue to provide rewards to holders.
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