💰 The Stablecoin Loophole Banks Secretly Want to Use
A new report highlights how major U.S. banking groups are quietly eyeing a loophole in the GENIUS Act that could give them a way to tap into the booming stablecoin market.
While stablecoins like USDC, Tether (USDT), and BUSD have seen massive adoption, banks are pushing Congress to “level the playing field” — but not without securing their own advantage first.
🏦 Key points:
1️⃣ Banking coalition targets the GENIUS Act loophole.
2️⃣ Stablecoin adoption is surging, but banks warn of potential risks.
3️⃣ Banks want legislative changes to ensure they can compete in the digital currency space.
The big question: Are banks trying to protect the economy, or simply claim a slice of the crypto pie? 🍰
