under genius act, only banks can pay interest on stablecoins. USDT won't.

https://www.youtube.com/watch?v=qtbYUo_zK1w around 40 minutes

so obvious prediction is, funds will flow from USDT to bank stablecoins (BOFA usd, JPM usd, WELLS usd, etc)

USDT probably has enough network adoption, and reserves, that this will not cause a real bank run on USDT. but if there's any skeletons in the closet, who knows.