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U.S. regional bankers concerned about stablecoin-driven deposit outflows and weakened lending capacity

CryptoProwl ·

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CRCL Circle Internet Group Inc
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  1. 1The Conference of State Bank Supervisors (CSBS) surveyed 330 banks across 35 states between April and July.
  2. 2Of the CSBS respondents who viewed potential deposit outflows and reduced lending capacity as 'most influential' or 'somewhat influential,' 60.2% cited stablecoins as a concern.
  3. 3The White House stated last month that the impact of banning stablecoin profits on bank lending would be minimal.

So what's the key point?

The Conference of State Bank Supervisors (CSBS) conducted a survey of 330 banks across 35 states from April to July.

Source CryptoProwl · View original ↗

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