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.

Read More at https://cointelegraph.com/news/bank-of-america-interest-bearing-stablecoins-us-banks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound