JPMorgan CFO warns stablecoin yield creates ‘parallel banking system’ without regulations
JPMorgan CFO warns stablecoin yield creates ‘parallel banking system’ without regulations JPMorgan’s chief financial officer Jeremy Barnum has warned that stablecoin yield offerings are creating a parallel banking ecosystem that lacks the regulatory safeguards developed over centuries of traditional banking oversight. Barnum made the comments Tuesday during JPMorgan’s fourth-quarter earnings call in response to an…
