$6.6 Trillion Bank Run Risk: Banking Group BPI Slams Coinbase, PayPal Stablecoin Rewards

The Bank Policy Institute (BPI), a major U.S. banking lobby group, is sounding the alarm over stablecoin reward programs from companies like Coinbase and PayPal, warning they could destabilize the financial system by exploiting a key gap in a recently passed law. Loophole in the New GENIUS Act These rewards, which resemble interest payments on […] The post $6.6 Trillion Bank Run Risk: Banking Group BPI Slams Coinbase, PayPal Stablecoin Rewards appeared first on Coin Edition.