BofA CEO flags $6T bank deposit risk from stablecoin yield
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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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.
Why this matters
This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
Tether freezes 134 ISIS terror wallets as stablecoins now sit inside the sanctions machine
ISIS-K, the Islamic State affiliate active across Afghanistan, Pakistan, and parts of Central Asia, had USDT balances frozen on 13...
Crédit Agricole Launches EURXT Stablecoin, Bringing Europe’s Banking Giant Onchain
Key Takeaways: Crédit Agricole has announced the launch of EURXT, a MiCa compliant euro stablecoin on the Ethereum network. EURXT...
Standard Chartered Unlocks Institutional USDC Access in DIFC, Marking a Banking Industry First
Key Takeaways: Standard Chartered institutionalised the minting and redemption of its odd units of USDC with Circle. When a client...
XRP Ledger Lending Amendments Face 80% Validator Hurdle as Institutional Credit Layer Takes Shape
Ripple has formally proposed two XRPL amendments, XLS-65 and XLS-66, that would embed fixed-term institutional credit infrastructu...
Ethereum Institutional Launches as Wall Street ‘Front Door,’ Backed by Lubin, BitMine, and SharpLink
A new independent nonprofit called Ethereum Institutional launched Wednesday with the goal of accelerating institutional adoption...
KakaoPay develops super wallet for stablecoins and tokenized assets
KakaoPay's Super Wallet could revolutionize digital finance in South Korea, bridging traditional and decentralized systems while n...