Apollo chief economist warns AI agents could trigger a new kind of bank run
- —Sløk: Muse and similar agents could move cash from 0.1% accounts to ones paying 3.3–5%
- —On $10,000, the gap between 0.1% and 5% is about $10 versus $500 a year
- —FDIC averages: 0.4% on savings and just 0.1% on checking accounts
- —Plaid links Muse to over 12,000 US banks, but fund transfers are not yet confirmed
Why it matters: A drain of cheap deposits would hit bank margins and could accelerate the shift of capital into stablecoins and tokenized instruments.
Source: BeInCrypto PL