In @AmerBanker today, I take on three myths that have lingered far too long in the CLARITY stablecoin rewards debate - and obscured the opportunity stablecoins offer the U.S. and community banks. Three facts: 1. The U.S. Treasury never warned of $6.6 trillion in deposit flight from stablecoins. 2. No one has demonstrated an empirical link between stablecoin adoption and deposit outflows. Stablecoins and bank deposits have grown alongside each other for years. 3. The Tillis-Alsobrooks compromise addresses the deposit-like rewards that banks said they feared. The bigger story is the opportunity. GENIUS created a safe digital dollar that moves instantly, settles around the clock, and extends American financial leadership. For community banks, stablecoins and public blockchains offer the ability to move money globally as quickly and efficiently as the largest institutions. Let’s not make stablecoins less useful before everyone has a chance to put them to work. Let’s pass CLARITY. Read the op-ed: