BTCC
/
BTCC Square
/
Coindesk
/
Coinbase Policy Chief Counters Bank Warnings: Stablecoins Pose No Real Threat to Traditional Deposits
Coinbase Policy Chief Counters Bank Warnings: Stablecoins Pose No Real Threat to Traditional Deposits
6
2
Coinbase's top policy voice fires back at banking industry fears—calling claims that stablecoins endanger deposit bases "overblown and misguided."
Banks Sound Alarm—But Is It Just Noise?
Traditional financial institutions argue that dollar-pegged cryptocurrencies could lure customers away from savings accounts. Coinbase’s policy lead dismantles that theory, pointing to stablecoins’ role in expanding financial access—not cannibalizing it.
Stablecoins aren’t stealing deposits—they’re building bridges. Faster settlements, lower fees, and global reach make them complementary to legacy systems, not competitors.
Yet banks keep crying wolf—maybe they’re just worried about losing their monopoly on moving money slowly and expensively.
By:
