Banks are concerned about "bank runs" caused by stablecoins, while regulators believe the impact is limited. Banks warn that stablecoins could siphon deposits from the banking system, but policy and regulatory experts say there is little evidence at this point that this is happening.
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Banks are concerned about "bank runs" caused by stablecoins, while regulators believe the impact is limited. Banks warn that stablecoins could siphon deposits from the banking system, but policy and regulatory experts say there is little evidence at this point that this is happening.