US banks lobby to block stablecoin interest over fears of deposit flight
Industry groups say new crypto law has a ‘loophole’ that could cost banks trillions of dollars in outflows
Industry groups say new crypto law has a ‘loophole’ that could cost banks trillions of dollars in outflows

Issuers should be allowed to pay interest on stablecoins — just as lenders can on dollars

Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?

The risk to US banks is real in theory but difficult to realise in practice

US and UK refuse to implement requirements for a risk weighting of 1,250 per cent for stablecoins

A fight over stablecoin rules is really about whether deposits at major financial institutions will disappear

Proposals would give UK much stricter rules for market than US or EU