news
Bank of America CEO warns up to $6 trillion in deposits could shift to stablecoins if allowed to pay interest
📰 sources⭐ 8.0
TL;DR:
Bank of America CEO Brian Moynihan warned that stablecoin yield rules could shift up to $6 trillion in deposits from banks.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.