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COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA · CRYPTO ·

The banking lobby is wrong about stablecoins and community banks

As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Congress should not kneecap one of the clearest advances in payment infrastructure to protect community banks from a threat that has not been proven, argues Eco CEO Ryne Saxe.
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Eco CEO Ryne Saxe argues that Congress should not hinder stablecoins to protect community banks. Saxe contends that stablecoins represent a significant advance in payment infrastructure. He dismisses the banking lobby's concerns, stating that the threat stablecoins pose to…

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