Coinbase Defends Stablecoins Against Banking Threat Claims, Says ‘Math Doesn’t Add Up’
Coinbase published a complete protection towards banking business claims that stablecoins threaten conventional monetary stability, arguing the “deposit erosion” narrative is a “fable” designed to guard banks’ $187 billion annual fee processing monopoly. The change launched research titled “Beyond the Deposit Debate,” difficult Treasury estimates of $6 trillion in potential deposit outflows from yield-bearing stablecoins….
