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Bank of America CEO: Interest-Bearing Stablecoins Could Take $6T Out of Bank Deposits
Yahoo Finance· 2026-01-15 15:00
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 reports, come amid controversy about whether to allow amendments to the recently delayed crypto bill being debated by the Senate Banking Committee. The most recent draft would prohibit idle stablecoins from bearing interest, like a bank account. Senate Banking Com ...