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Tag: US banks

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US Banks Demand Closure of GENIUS Act’s Stablecoin Yield Loophole
The unbacked stablecoin earnings pose a threat to bank deposit bases.
Yield ban by stablecoin affiliates is not present in law.
There is a need to reform to avoid tightening of credit and increasing loans.

A gap in the GENIUS… Read full article
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US banks warn of $6.6 trillion shift to stablecoins amid GENIUS Act debate
Bitcoin Bitcoin hits record price of $124k while Ethereum sits $50 away from setting new all-time high 2 hours ago 2 min read Read full article
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