concern

💸 Stablecoins threaten banks with up to $500,000,000,000 in deposit outflows.

➤ Standard Chartered believes that as stablecoins grow, banks in developed economies could lose up to $500 billion in deposits by 2028.

➤ In the #United States, deposit volumes could shrink by an amount equal to one-third of the total stablecoin market capitalization. This figure already exceeds $300 billion, with the market growing at around 40% per year.

➤ A key catalyst is #CLARITY — the crypto market structure bill currently moving through Congress. Its adoption could sharply accelerate capital flows from banks into crypto.

➤ The main #concern for banks is yield. Coinbase already offers 3.5% APY on USDC, prompting banks to actively lobby for restrictions on such “quasi-deposits.”

➤ #Tether and Circle barely return funds to banks — only 0.02% and 14.5% of their reserves, respectively, are held as bank deposits. Capital flows out and does not come back.
#TetherUpdate
$USDT $BNB $BTC

#concern Guys one of the biggest scam coin u will ever see is #ONG/USDT dont trust it because it is mostly hold by 2 person can fall any time today, those fool saying it will go up and rise dont trust those fools, those are the scammers who dont know how to trade i mare 10 time the amount yesterday, well come to topic it will berish, and also i will let you guys know when it I'll bearish today, so follow me #GoogleStudyOnCryptoSecurityChallenges #Follow4more