United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins t

Dato · 08-21-2022, 09:30 AM

United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins t

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvNjU4OWVhZjctZGVmMS00Nzk0LTliOWYtMWRmOWRiYWE5Njg0LmpwZw==.jpg"></p><p>Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”</p>

https://cointelegraph.com/news/united-te...s-to-banks

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