Bank of America CEO says stablecoins could drain trillions in bank deposits

Finance, Bank of America, JPMorgan, American Bankers Association, Stablecoins, News BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank will “be fine.” BofA CEO Brian Moynihan echoed other banks in warning that $6 trillion in bank deposits were at stake, even as he said the bank will “be fine.” CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

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