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Stablecoin News

Apollo Warns of AI-Powered Bank Run by Muse

Apollo Warns of AI-Powered Bank Run by Muse

Apollo sees AI agents like Muse moving savings into higher-rate accounts, which could erode low-cost bank deposits. The debate also touches stablecoin yield and the U.S. debate over banking rules.

Stablecoins are cryptocurrencies designed to maintain a stable value.

Stablecoins are usually pegged to a fiat currency such as the U.S. dollar or the euro. They are often used to move value quickly, trade, or temporarily step out of volatility.