Citi executive warns stablecoin yields could drain bank deposits: Report

Citi’s Ronit Ghose warned that paying interest on stablecoin holdings could trigger bank outflows akin to the 1980s, driving up funding costs and credit prices. source: https://cointelegraph.com/news/citi-executive-stablecoin-yields-drain-bank-deposits-report?utm_source=rss_feed&utm_medium=rss%3F&utm_campaign=rss_partner_inbound