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Cryptocurrency News Articles

GENIUS Act, Banking Rip-off, and the Multicoin Exec's Bold Prediction

Oct 06, 2025 at 09:02 am

GENIUS Act, Banking Rip-off, and the Multicoin Exec's Bold Prediction

GENIUS Act, Banking Rip-off, and the Multicoin Exec's Bold Prediction

The GENIUS Act is law, and the game's changing. Multicoin Capital thinks banks' days of paying peanuts on deposits are numbered. Big Tech stablecoins could be the future. Buckle up!

The GENIUS Act: A New Dawn for Stablecoins?

Passed in July, the GENIUS Act aims to regulate stablecoins. Tushar Jain, Multicoin Capital's co-founder, believes this will trigger a massive shift of deposits from traditional banks to stablecoins offering higher yields. Think about it: banks offer next to nothing, while stablecoins can give you up to 10X more. No brainer, right?

Banking's

Original source:cointelegraph

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