Bank of America CEO says stablecoins could drain trillions in bank deposits

The CEO of Bank of America expressed concerns that the growing popularity and adoption of stablecoins may lead to a significant outflow of funds from traditional banking institutions, potentially resulting in a loss of trillions of dollars in bank deposits. This statement highlights the potential impact of digital currencies on the banking system and raises important questions about the future of financial stability as consumers turn to alternative forms of currency. source: https://www.coindesk.com/business/2026/01/15/bank-of-america-ceo-says-stablecoins-could-drain-trillions-in-bank-deposits