Banks are likely to rapidly build their own branded digital dollars if crypto rewards survive CLARITY Act

Washington’s stablecoin stalemate is hardening into a fight that banks recognize immediately as a deposit issue. The dispute is no longer centered on whether dollar-linked tokens should exist. It centers on whether they should be treated as deposits, especially if consumers can earn interest-like rewards simply for holding them. A recent White House meeting aimed […] The post Banks are likely to rapidly build their own branded digital dollars if crypto rewards survive CLARITY Act appeared first on CryptoSlate.