John D’Agostino, Head of Strategy at Coinbase Institutional, on why the stablecoin bank flight fear is nonsensical
The claim that stablecoin yield will drain deposits from banks is an emotional argument and a hard one to disprove, since almost nobody has the data. So John offers an intuitive test instead. His 84 year old mother stayed with her community bank for years because she hates online banking. When they finally pushed her online, she figured she might as well go to a big bank. She went to a G-SIB, not Coinbase.
#Stablecoins #Crypto #Banking #Coinbase #Regulation
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