2 Kommentare

  1. coinfeeds-bot on

    tldr; The article discusses the ongoing debate over stablecoin rewards and their potential impact on the banking sector. Banks view stablecoins as a threat to traditional deposits, especially if they offer interest-like rewards, which could shift consumer cash balances away from banks. The CLARITY Act and GENIUS Act are central to this debate, with banks pushing for restrictions on stablecoin yields to protect their deposit base. If stablecoin rewards persist, banks may respond by creating their own branded digital dollars to compete in the evolving financial landscape.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. perceptual01 on

    They’re doing this already. You (person A) put $100 in an account. They store $10 and loan $90 to person B. Person B buys XYZ from person C. Person C puts $90 in the bank. The bank stores $9 and loans $81 to person D etc.

    $100 came in. Bank gets interest on the amount of $271 and has to back a balance of $190 with only $19 to physically show for it.

Leave A Reply