Yield-bearing stablecoins risk ‘dangerous’ parallel banking system: JPMorgan exec

Jeremy Barnum told JPMorgan shareholders that yield-bearing stablecoins risk creating a parallel banking system without the safeguards of traditional regulation.
Source: Yield-bearing stablecoins risk ‘dangerous’ parallel banking system: JPMorgan exec (https://cointelegraph.com/news/jpmorgan-cfo-warns-yield-stablecoins-parallel-banking-risk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)