United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

United Texas CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'


CoinTelegraph
2022-08-19 21:19:28

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”