Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks

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.

Share it :

Leave a Reply

Your email address will not be published. Required fields are marked *