Coinbase Policy Chief Counters Bank Warnings: Stablecoins Pose No Threat to Deposits

Coinbase's top policy voice fires back at banking industry fears—calling claims that stablecoins endanger deposit bases 'misguided and outdated.'

The Real Story Behind the Banking Resistance

Banks argue stablecoins could lure away customer funds, but Coinbase’s policy chief dismantles that theory point by point. He highlights how stablecoins operate in a separate financial lane—enhancing liquidity rather than draining it.

Why This Fight Matters Now

With regulators leaning into digital asset frameworks, the pushback isn’t just corporate defense—it’s a strategic move to shape future policy. And let’s be real: since when did banks become champions of consumer financial freedom anyway?

Bottom line: this isn’t about protection—it’s about competition. And the old guard isn’t ready to play by new rules.