BUSINESSJun 28 · 12:00 UTCTHE GUARDIAN TECHKalyeena Makortoff Banking correspondent

‘Crypto v community’: 4,000 local US lenders join forces to fight ‘stablecoins’ law

Up to 4,000 community banks in the US are opposing legislation to regulate stablecoins, fearing it will reduce $850bn in loans for rural businesses and farmers. A campaign video highlights concerns that crypto experiments threaten community financial stability and credit access.

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