Citi Executive Warns Stablecoin Yields Could Drain Bank Deposits

Ronit Ghose, Citi’s head of Future of Finance, warned that paying stablecoin yields could lead to significant bank deposit outflows. He compared the risk to the rise of money market funds in the late 1970s and early 1980s, according to the Financial Times. Money market funds grew as investors searched for higher returns than regulated […]

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