The Quiet Deposit Bill That Could Reshape Banking, Kill Stablecoins, and Boost Regional Banks Stocks

A dangerous idea is floating around the Hill right now that should terrify stablecoin disruptors. The idea is simple: raise FDIC deposit insurance protection on business transaction accounts so a company’s payroll does not live or die on a rumor of a bank failure. Simple yes, but the impacts could be large.

The last century of U.S. banking basically argu…