The Bank of America warns that a major threat could push trillions out of American banks
Brian Moynihan made a dire warning about stablecoins. During a January 15 earnings call, the CEO of Bank of America told analysts that as much as $6 trillion in deposits could migrate from the US banking system to stablecoins, roughly 30% to 35% of total US commercial bank deposits. Moynihan attributed the projection to US … Read more