Remember my last post, Could Proposed Stablecoin Laws Cause Credit Collapse & Depression? I warned that the GENIUS and STABLE Acts could siphon $1 trillion from U.S. bank deposits by 2028, potentially slashing lending by up to 40% and spiking interest rates, risking a recession worse than 2008. With stablecoins projected to hit $3.7 trillion […]
By 2028, the U.S. Treasury estimates that stablecoins—digital currencies pegged to the dollar—could hold $2 trillion worldwide. If we assume that half of this ($1 trillion) comes from U.S. bank deposits, with the rest coming from outside of the US, that would be $1 trillion drained from the $18 trillion in U.S. bank deposits. Proposed […]
