Systemic bank run risk looms over Congressional stablecoin bills

Reports revealed that the boom in tokens like USDT and USDC stablecoins has renewed fears about the looming risks these tokens bring to the crypto industry and the overall financial system. Ongoing debate has focused on how the coins could be vulnerable to the kind of bank runs that paralyzed the financial system during past financial crises. source: https://www.cryptopolitan.com/systemic-bank-run-risk-stablecoin-bills/