Coinbase: Banks' Concerns Over Stablecoins Unfounded
Coinbase, a crypto exchange and research firm, argues that concerns over stablecoins undermining U.S. banks are overstated.
According to Coinbase, most stablecoin demand originates outside the United States, supporting international dollar usage rather than displacing local bank deposits.
Stablecoins are primarily used by international users seeking dollar exposure.
- Emerging markets rely on U.S. dollar-backed tokens to hedge against local currency volatility.
- Stablecoins are a practical tool for financial inclusion.
Roughly two-thirds of stablecoin transactions occur on blockchain or decentralized finance (DeFi) platforms.
Author's summary: Coinbase defends stablecoins as a tool for financial inclusion.
More News
- Après la tentative de coup d'Etat au Bénin, la menace du pouvoir kaki plus présente que jamais en Afrique
- Benin coup attempt foiled by loyalist troops, interior minister says
- Another Coup In Africa, Soldiers Appear On State TV To Announce Takeover
- Sydney Sixers Vs Adelaide Strikers, WBBL 2025: SYS-W Beat AS-W By One Run Thanks To Ellyse Perry Century
- Tunbridge Wells gridlocked as residents queue for fresh water after five-day outage
- PREDICTED TEAM: How Scorchers will line up for BBL opener
- Gridlocked Halloween, 2025, @kaltgatzke flashbang film. I ...
- Full steam ahead for good causes at train station's big birthday bash
- Benin Rejects Claims of a Coup by Opposition Soldiers
- Women’s Big Bash League 2025-26 results