🚨Bank of 🇺🇸America : CEO Brian Moynihan
warned at the Economic Club of
Washington D.C. that yield bearing
stablecoins could siphon up to $6 trillion
from U.S. bank deposits,
as they offer competitive interest
rates unavailable in
traditional low yield accounts.
🔷This estimate highlights crypto's disruptive
potential, with stablecoin market cap exceeding
$170 billion in 2026, drawing deposits amid banks' historical practice of lending out funds at higher rates without fully sharing yields.
🔷Replies from the crypto community express glee at the prospect of eroding bank dominance,
echoing broader shifts like the 2023 Silicon Valley Bank failure that accelerated interest in decentralized alternatives.
