Banking Groups Demand Stablecoin Interest Loophole Close Before Cash Flees | Crypto

Major U.S. banking trade groups have urged Congress to address a GENIUS Act loophole that lets stablecoin affiliates offer interest to token holders. They warn this could shift deposits away from banks, affecting lending and potentially reshaping stablecoin use in domestic and global payment systems. The post GENIUS Act Bombshell? Banking Groups Demand Stablecoin Interest Loophole Close Before Cash Flees appeared first on Cryptonews.