# Сопутствующие статьи по теме Deposits

Will The GENIUS Act Shift $6.6T From US Banks? Critics Warn Stablecoin ‘Loophole’ Could Damage Small Businesses, Mortgages and More

A coalition of banking groups warns that a perceived "loophole" in the GENIUS Act could put up to $6.6 trillion in U.S. bank deposits at risk, potentially undermining community lending that supports small businesses, homebuyers, and local economies. The dispute centers on the Act’s ban on stablecoin issuers paying interest or yield directly to holders, which was intended to prevent stablecoins from competing with bank deposits. However, critics argue that some issuers are circumventing this by indirectly funding rewards through exchanges and partners. Banking associations, including the Bank Policy Institute, urge lawmakers to clarify that all forms of inducements—direct or indirect—should be prohibited. They warn that without this, stablecoins could incentivize customers to move savings out of banks, jeopardizing traditional lending. Crypto advocates and industry groups strongly reject these concerns, calling them a "last-ditch effort" by big banks to block competition. They argue there is little evidence that stablecoins threaten the banking system and that rewards benefit everyday users. Pro-crypto figures also warn that tightening the law could have geopolitical consequences, potentially pushing users toward foreign alternatives like China’s Digital Yuan. The stablecoin market, led by Tether’s USDT and Circle’s USDC, has grown to nearly $318 billion, partly driven by reward programs. Banking groups view these incentives as blurring the line between payment tools and deposit-like products, while crypto advocates see them as legitimate competitive features. If lawmakers restrict these rewards, the sector’s growth could slow significantly.

ccn.com01/08 10:55

Can Ethena hold $0.20 after 101M ENA flood exchanges?

ambcrypto12/21 03:02

The Catfish Effect? Stablecoins Are Truly the Enemy of Bank Deposits

The article challenges the prevailing narrative that stablecoins pose an existential threat to the traditional banking system by causing massive deposit outflows. Instead, it argues that stablecoins act as a competitive catalyst, forcing banks to improve efficiency and offer higher deposit rates, rather than replacing them. Key points include: - Research indicates no significant correlation between stablecoin growth and bank deposit outflows, highlighting the "sticky" nature of deposits due to the convenience of bundled banking services (e.g., mortgages, payroll). - Stablecoins introduce competition, compelling banks to enhance operational efficiency and customer benefits, ultimately expanding financial intermediation and consumer welfare. - Regulatory frameworks like the GENIUS法案 (likely referring to U.S. stablecoin legislation) mitigate risks by mandating full reserves (cash, short-term Treasuries) and enforceable redemption rights, addressing concerns about run and liquidity risks. - Stablecoins offer efficiency gains through atomic settlements, enabling instant, cross-border transactions without intermediary delays, which could modernize outdated financial infrastructure. - The U.S. is urged to lead in stablecoin innovation to preserve the dollar’s global dominance, transforming stablecoins from offshore novelties into transparent, regulated components of domestic financial systems. The conclusion emphasizes that banks should view stablecoins as an opportunity to evolve, similar to other industries disrupted by technology, rather than as a threat.

marsbit12/19 07:49

Interactive Brokers Opens 'Stablecoin Deposits': Why Is the Wall Street Giant Tearing Down the 'Payment Berlin Wall' at This Moment?

Interactive Brokers (IBKR), a major global electronic brokerage, has announced a landmark update allowing clients to deposit funds using stablecoins—primarily USDC—to trade traditional assets like stocks, futures, and forex. This move effectively bridges a significant gap between crypto and traditional finance (TradFi), addressing long-standing inefficiencies in fiat payment channels. Traditionally, cross-border wire transfers via SWIFT are slow (taking 1-3 business days), costly, and limited to banking hours. By leveraging blockchain technology, IBKR enables near-instant, 24/7 settlements, drastically reducing friction and improving capital efficiency for traders. Behind the scenes, IBKR likely partners with regulated entities like Paxos or Circle to convert USDC to USD seamlessly, ensuring compliance while using the blockchain as a new settlement layer. This strategic shift aims to attract crypto-native high-net-worth clients and institutions holding significant wealth in stablecoins, offering them a secure, compliant path to invest in traditional markets. It also signals the evolution of stablecoins from mere trading instruments to a foundational global payment infrastructure. However, challenges remain, including stringent KYC/AML requirements, address screening, and enhanced tax transparency. Despite these hurdles, IBKR’s move is a decisive step toward erasing the boundaries between crypto wallets and securities accounts, setting a new standard for the industry.

marsbit12/16 02:07