BREAKING | $DUSK
Bank of America CEO Brian Moynihan warns interest-bearing stablecoins could drain up to $6 TRILLION from U.S. banks.
What yield-bearing stablecoins could do đ
đ» Pull deposits out of traditional banks
đ» Shrink banksâ lending capacity
đ» Push borrowing costs higher across the economy
Why this matters:
Banks run on deposits to fund loans.
If savers can earn yield on-chain, instantly, without intermediaries â deposits move.
Translation (no noise):
âą Stablecoins directly compete with bank deposits
âą Yield turns crypto into a real savings alternative
âą Banks lose funding â power shifts
This isnât about ârisk.â
Banks arenât afraid of crypto prices.
Theyâre afraid of crypto functionality.