Coinbase Dismisses Concerns That Stablecoins Threaten US Bank Deposits
Crypto change Coinbase has pushed again towards claims that the rise of stablecoins may drain deposits from US banks or undermine conventional lending. Key Takeaways: Coinbase says stablecoins don’t threaten US banks, arguing most demand comes from worldwide customers searching for greenback publicity. Two-thirds of stablecoin exercise occurs on DeFi platforms. Stablecoins strengthen, not weaken,…
