The Impact of Yield-Bearing Stablecoins on Banking: Insights from US Senator Gillibrand
Senator Gillibrand believes that yield-bearing stablecoins have the potential to disrupt traditional banking systems. These digital assets offer users the ability to earn interest on their holdings, bypassing the need for traditional banking services. Stablecoins are a type of cryptocurrency that are pegged to a stable asset, such as the US dollar, to minimize volatility. [...]
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