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Stablecoin Growth Threatens Bank Deposits as S&p Global Warns of Runoff
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Stablecoin Growth Threatens Bank Deposits as S&p Global Warns of Runoff
Quick Summary: Stablecoin Growth Threatens Bank Deposits as S&p Global Warns of Runoff S&P Global’s analysis revealed only 7% of smaller banks are developing stablecoin frameworks, indicating a perceived threat. Banking groups warn that the Senate’s Clarity Act could accelerate deposit shifts to stablecoins if yield restrictions aren’t tightened. Jefferies estimated a 3% to 5% core-deposit runoff over five years due to stablecoin growth. Stable…
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