Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'
Share to:
Author: PANews
This content is provided for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, let's navigate bull and bear markets together
Recommended Reading
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?