BofA CEO Warns Stablecoin Yield Could Drain 35% of All US Bank Deposits

Key Takeaways The CLARITY Act has reached the Senate floor. This brings one of the crypto industry’s most debated provisions under fresh scrutiny. Lawmakers are now weighing whether stablecoin issuers should be allowed to offer yield on digital dollar holdings. Supporters say this feature could accelerate adoption and bring new competition to financial services. As … Continue reading BofA CEO Warns Stablecoin Yield Could Drain 35% of All US Bank Deposits