July 21, 2025
Banking groups warn stablecoins could drain trillions in deposits under GENIUS Act
Federal Reserve warns stablecoins could drain $3T from banks
🔒Digital Rights💰Economy💡Technology
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🔒Digital Rights💰Economy💡Technology
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Q1
The House passed the GENIUS Act with a {{blank_1}}-{{blank_2}} vote, and President Trump {{blank_3}} it into law in {{blank_4}} 2025.
Q2
How much money do banks estimate could drain from traditional deposits into stablecoins?
Q3
Which payment companies expressed support for stablecoin integration rather than treating them as competition?
Q4
The GENIUS Act allows stablecoin companies to pay interest on their digital tokens.
Q5
What is the current total market capitalization of all stablecoins combined?
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