Citi Executive Warns Stablecoin Interest Payments Could Drain Bank Deposits Like the 1980s Crisis

Concerns over stablecoins offering interest returns have echoed the 1980s deposit flight, with Treasury data suggesting up to $6.6T in outflows. Banks have lobbied Congress on GENIUS Act gaps, while Citi has examined a digital token and crypto platforms continue to provide rewards to holders.

The post Citi Executive Warns Stablecoin Interest Payments Could Drain Bank Deposits Like the 1980s Crisis appeared first on Cryptonews.