$360B Bank Cash Machine Under Threat: Stablecoin Rewards Spark Washington Power Struggle Over Future of Dollar

$360B Bank Cash Machine Under Threat: Stablecoin Rewards Spark Washington Power Struggle Over Future of DollarA $360 billion U.S. banking revenue stream faces pressure as lawmakers revisit stablecoin rewards, a move Coinbase warns could reshape dollar payments, ignite competition in fees, and accelerate commerce moving onchain across the U.S. financial system. Stablecoin Rewards Aren’t a Banking Crisis—They’re a Payments Revolution Coinbase Chief Policy Officer Faryar Shirzad shared on social media […]

Source: https://news.bitcoin.com/360b-bank-cash-machine-under-threat-stablecoin-rewards-spark-washington-power-struggle-over-future-of-dollar/