Stablecoins Could Become A Deposit Magnet For US Banks, White House Official Says
A top White House official is pushing back against warnings that stablecoins will drain money from American banks — arguing the opposite is true. Foreign Money, Domestic Gains Patrick Witt, executive director of the White House Council of Advisors for Digital Assets, posted on X this week that when foreigners convert local currencies into dollar-backed… Continue reading Stablecoins Could Become A Deposit Magnet For US Banks, White House Official Says