A growing coalition of U.S. banks is panic-stricken. They are currently urging lawmakers to rewrite the GENIUS Act, specifically targeting the reward structures offered by non-bank stablecoin issuers. They see the ability for crypto platforms to offer yield on digital dollars as a “loophole” that threatens to siphon deposits away from the traditional banking system. […]
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The $10 Billion Vanishing Act: Binance Stablecoin Reserves Evaporate To 2024 Levels As Liquidity Flees Crypto
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The crypto market remains under pressure as...
