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Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending

Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars...

Bank of America CEO says stablecoins could drain trillions in bank deposits

BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank...