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News Wire / economy

US Stablecoin Concerns Threaten Small Banks

WBUR Boston Washington 16d16d Impact 7
Law professor Hillary Allen notes that small and community banks have valid reasons to be concerned about the growing popularity of stablecoins. Stablecoins function similarly to traditional bank accounts, offering payment capabilities and the option to hold funds, which could impact traditional banking models. Concerns surrounding US stablecoins pose a threat to small banks. Concerns are mounting in the United States regarding stablecoins and their potential threat to smaller financial institutions. The professor stated that the current situation is right to be afraid of. The United States is investigating foreign-owned properties for jurisdiction. A law professor has warned that the volatility and regulatory uncertainty of stablecoins could destabilize these financial institutions. The specific mechanisms of the threat are not yet fully elaborated.

Topics

cryptocurrency banking financial regulation

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Sources · 7 independent

WBUR Boston

“It's Hillary Allen, a law professor in America. If the person you're paying is willing to accept a stablecoin as an alternative to a bank transfer or credit card or another structure for making payments. In other words, stablecoins are kind of like traditional bank accounts. You can use them to make payments, or you can let the money sit there. That's why many banks are concerned about what will happen if stablecoins become more popular. Small banks, community banks are right to be afraid.”

WBUR Boston

“right to be afraid. It's Hillary Allen, a law professor in America.”

WTOP Washington DC

“glow like an expectant widow. have a glow like an expectant widow.”

W Radio Mexico

“pues de qué hace unos meses por ejemplo le suspendieron la visa en el que hay procesos migratorios, ya también has visto en Estados Unidos y lo planteamos el otro día como el ICE se ha puesto a buscar mexicanos eh eh ya sean exfuncionarios o personas ligadas a temas de corrupción en México y ahí vimos las detenciones a cargo del ICE del exdirector de Pemex Carlos Treviño del empresario este Álvar Álvar Espuga de la esposa del gobernador César Duarte eh en fin eh eh personas que y tan no es casualidad que ¡Suscríbete! minutos cuarto para las siete.”

CBN São Paulo

“Darío Durigan afirmou que vai apresentar as ideias sobre o programa ao presidente Lula nesta terça-feira e que o anúncio da nova fase do desenrola deve ser feito ainda nesta semana.”

Radio Maryja

“Ujmiemy tak, weź wachpal Drodzy radiosłuchacze, Radio Maria idzieła przy nim wyrosłe. Istnieją dzięki Państwa życzliwości i wsparciu.”

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“US Law Professor Warns of Stablecoin Threat to Small Banks”

WNYC 93.9 FM

“comes from President Trump's executive order that he also issued last year.”

KIRO FM Seattle

“keeping their arena up and running. That's why he counts on Granger.”

ICI Radio-Canada

“matin, en fait, Alexandre Bouléris, vous avez remis-é votre écuption du NPD. que je faisais les batailles que je devais faire. On avait obtenu des choses aussi pour les Québécois, les Québécoises. Je savais pas trop ce que je voulais faire après, mais là, Ruban Gazelle et QS sont venus me voir, puis ils m'ont ouvert la porte, puis ils m'ont dit, on aimerait bien ça. Au début, j'ai dit non. Après ça, ils sont venus, j'ai dit bataille. Après ça, j'ai dit oui. Est-ce que les allers-retours, comme ça, entre les différents moments de NPD, que vous avez vécu, les vagues, les creux, des remontées...”

Parapolitika FM

“μεθούσαν Ρέθηκε κάποια στιγμή στη Γαλία Πρώτη του μάη σε μια διαπλάκη”

Radio Rebelde Cuba

“A US law professor has warned that stablecoin threats could impact small banks.”

Radio Romania Cultural

“US Law Professor Warns of Stablecoin Threat to Small Banks”

Jovem Pan News

“e estarão mais envolvidas com cada dia dessa investigação seguindo as delações o banco master não chegaria que ela já não chegaria a 10% então imaginamos que será ainda mais escandaloso e aí surge a figura do presidente da casa que o senhor está a figura do presidente do Senado da Via Columbre a quem algum algumas pessoas estão sempre reforçando a ligação no amapá e até mesmo em eventos com a figura de Daniel Vorkaro e o banco master como que o senhor avalia o clima político e ter a CPI do...”

CBN São Paulo

“que seja independente, né? Que ainda que tenha os apoios, por exemplo,”

WAMU 88.5 DC

“The most important thing says Kano is that I can go to work later today and still feel great.”

Radio Capital Italy

“e revisione a cura di QTSS un radiocapital. un radiocapital. un radiocapital.”

WAMU 88.5 DC

“Kenya so dominant? That conversation is next. You're listening to The World.”

WLS-AM 890 Chicago

“makes incredible moments like these possible. Give today at childrens.com slash PennySings.”

Iran International

“با افصایش ها هزینهای اعمل و نقل و بیم شوکای جدی ببازارهای زنجیراهای تمن و امییت قضایی جهانی رو تحت می کنه گو ترش تکید که اوبور ایمن و بدون من استنگه ایغورموز یک ضرورت اقتصادي و انسانی در همین حال اکسر سوخنرانان در این جلسه بر این نکت تکید کردن که این باران دیگه محدود بمندقی نیس و با افصایش ها هزینهای اعمل و نقل و بیم شوکای جدی ببازارهای تنگه یه خورموز شدن و همچه این خاصتار این که شورای امیت سازمان مینل این بمبس سه خودش رو بشکن و وارد امال بشه دا مرد تنگه یه خورموز نمائند اییالات مطایده امرکا هم در این نشست جمهوری اصلامی رو مطمکت که اصطنگه یه خورموز داره به انوان احروم فشار استفاده می کنه باقاش”

BBC Radio 4

“to go well? Of course he does. need it to go well.”

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