Deep Tide TechFlow News, February 6th, According to The Block, U.S. Senator Cynthia Lummis recently urged banks to adopt stablecoins and digital assets in an interview with Fox Business, believing this will provide new product opportunities for financial institutions. Lummis expressed confusion over banks' resistance, emphasizing that stablecoins can significantly improve transaction efficiency by shortening settlement times and reducing costs. However, the U.S. Crypto Market Structure Bill has been delayed due to disputes over stablecoin yield provisions, with banking groups opposing crypto platforms paying interest on stablecoin balances, fearing it will divert traditional bank deposits.
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Deep Tide TechFlow News, February 6th, According to The Block, U.S. Senator Cynthia Lummis recently urged banks to adopt stablecoins and digital assets in an interview with Fox Business, believing this will provide new product opportunities for financial institutions. Lummis expressed confusion over banks' resistance, emphasizing that stablecoins can significantly improve transaction efficiency by shortening settlement times and reducing costs. However, the U.S. Crypto Market Structure Bill has been delayed due to disputes over stablecoin yield provisions, with banking groups opposing crypto platforms paying interest on stablecoin balances, fearing it will divert traditional bank deposits.