Banks Sound Alarm on GENIUS Act’s Risky Stablecoin Yield Loophole

The GENIUS Act’s loophole could unleash a $6.6 trillion deposit exodus, challenging the very foundation of traditional banking. What does this mean for financial stability?

What Is the Genius Act and Its Impact on Stablecoins?

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)…