Some U.S. banks are worried that stablecoins will eat into their turf

Some U. S. banks are panicking over a growing threat: stablecoins. They’re not worried about volatility or speculation; they’re worried about losing trillions in customer deposits. This week, that anxiety got louder after lawmakers in Washington passed the GENIUS Act, a bill that lays out legal rules for stablecoins in the U. S. The House of Representatives […] source: https://www.cryptopolitan.com/u-s-banks-stablecoins-eating-into-their-turf/