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๐บ๐ธ๐ฆ Bank of America CEO Brian Moynihan warns that interest-bearing stablecoins ๐ช could siphon up to $6 trillion from traditional bank deposits.
๐ Such a shift could significantly impact bank funding, potentially raising borrowing costs for small businesses that depend on bank lending.
๐ผ As capital moves on-chain, legacy banks may face tighter liquidity and higher loan rates.
๐ Stablecoins offering yield are reshaping how money is stored, moved, and earned.
โ๏ธ The debate between innovation and financial stability is heating up fast.
โณ Policy, regulation, and adoption will decide the outcome.
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