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Tag: Bank of America

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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 may quietly reshape credit markets and funding across the financial system. Bank of America Warns Stablecoins… Read full article
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Bank Of America CEO Issues $6T Stablecoin Rewards Warning As Regulatory Debate Heats Up
The CEO of Bank of America has warned that trillions of dollars could flee from bank deposits to the stablecoin sector if the upcoming crypto market structure bill allows interest payments on the tokens.

Banking System Could Face $6 Trillion… Read full article
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Bank of America Warns $6 Trillion Deposit Risk From Interest-Bearing Stablecoins
As interest-bearing stablecoins gain momentum, traditional banks are confronting a structural challenge that could redefine the future of…Continue reading on Medium » Read full article
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Is Bank Of America Currently Running Tests With Ripple’s XRP? Here’s What We Know
Crypto pundit X Finance Bull has alleged that the Bank of America (BofA) is running tests for cross-border payments using Ripple-linked XRP. This follows an earlier statement from Ripple’s President, Monica Long, about the bank and the potential adoption of… Read full article
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Bank of America CEO warns interest-bearing stablecoins could pull $6T from US banks
In an earnings call transcript shared on X, BofA CEO Brian Moynihan pointed to studies suggesting yield-bearing stablecoins could draw trillions from the banking system. Read full article
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