The statement comes amid controversy surrounding allowing yield-bearing stablecoins in the Senate Banking Committee’s upcoming crypto bill.
Interest-bearing stablecoins could take $6 trillion out of bank deposits according to Bank of America’s CEO, who argued that small-to-medium-sized businesses could be hurt as a result.
Brian Moynihan’s statements, citing data from U.S. Treasury repor… [2618 chars]
Source: Decrypt | Published: 2026-01-15T15:00:11Z
Credit: Decrypt
