Stablecoin Growth Poses a $500B Risk to Bank Deposits and Net Interest Margins
U.S. banks are more and more vulnerable to shedding deposits to the digital belongings area as stablecoins proceed to acquire traction. The concern comes amid rising stablecoin adoption, with the entire provide in circulation having risen by roughly 40% over the previous 12 months to simply over $300 billion. Long-term Funding Concerns A Bloomberg report…
