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-0.000281366637955742 0 -0.00086132644272162 -0.00057421762848108 -0.00459374102784946 0 0.000574217628481284 0.000574217628481284
Stock impact report

Stablecoins Are a Bigger Threat to US Banks Than Regulators Admit: Standard Chartered [Yahoo! Finance]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Yahoo! Finance
It's a more modest estimate than Kendrick offered up in October, when he wrote that stablecoins could lure $1 trillion away from banks The report comes as lawmakers in D.C. debate over the Digital Asset Market Clarity Act, or CLARITY Act, which would create a federal regulatory framework for digital assets and could include provisions limiting whether stablecoin holders can earn yield. If stablecoins are allowed to begin offering yield, then it could siphon a substantial amount of cash out of the traditional banking system. Although progress on getting the bill passed has stalled , Kendrick still expects to see it headed for President Donald Trump's desk for a signature by the end of Q1. “If deposits decrease, NIM income—an important driver of bank earnings—will also decrease," Kendrick wrote. Net interest margin (or NIM) income represents the spread between what banks earn on loans, including mortgages and credit cards, and what they pay on deposits. The Standard Chartered a Show less Read more
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