Bank Lobby Fires Back at White House, Saying Stablecoin Study Ignores Community Bank Threat

Bank Lobby Fires Back at White House, Saying Stablecoin Study Ignores Community Bank Threat

Original Source: Bitcoin Magazine Original URL: https://bitcoinmagazine.com/news/bank-lobby-fire-white-house-stablecoin Content: Bitcoin Magazine

Bank Lobby Fires Back at White House, Saying Stablecoin Study Ignores Community Bank Threat The American Bankers Association is pushing back on a White House stablecoin study, arguing it underestimates the risk that yield-paying stablecoins could drain deposits from community banks. This post Bank Lobby Fires Back at White House, Saying Stablecoin Study Ignores Community Bank Threat first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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