REGULATION MAY LIMIT STABLECOIN DEMAND Stablecoins are unlikely to grow enough to absorb much U.S. government debt or compete with bank deposits, says Berenberg economist Atakan Bakiskan. Because the Genius Act bars issuers from paying interest, stablecoins can’t match interest-bearing bank accounts, reducing their appeal. And if money moves from deposits into stablecoins backed by Treasurys, banks could have less capacity to lend or buy government debt.(*Walter Bloomberg)