Citi's Ronit Ghose has highlighted the potential impact of interest-bearing stablecoins on traditional banking systems. Ghose suggests that these stablecoins could lead to significant withdrawals from banks as customers seek higher returns. This development could pose a challenge to banks, which may need to adapt to the changing financial landscape driven by the rise of digital currencies offering competitive interest rates.
Citi Analyst Warns Interest-Bearing Stablecoins Could Trigger Bank Withdrawals
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