Fitch warns large US banks: activity in crypto may lead to a downgrade in rating.

Fitch Agency stated that the use of stablecoins, tokenization of deposits, and blockchain technologies, while increasing profitability, also carry reputational, operational, and regulatory risks.

🔻 If banks are unable to cope with volatility, anonymity, and the risk of asset loss, their credit rating may be downgraded.

🏦 In the risk zone — JPMorgan, Bank of America, Citi, Wells Fargo.

📉 Fitch is also concerned about the impact of stablecoins on the US Treasury bond market.

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