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’](https://cryptoinvestment.at/wp-content/uploads/2022/08/united-texas-ceo-wants-to-limit-the-issuance-of-us-dollar-backed-stablecoins-to-banks.jpg)
Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
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Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”