United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.”
Source: https://cointelegraph.com/rss
United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'