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Geoffrey Kendrick: Why the Federal Reserve Believes Stablecoins Are Safer Than BanksOn February 27, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, said in an interview with the Deribit channel that Bitcoin's rise from $45,000 to $126,000 was driven by spot ETFs and the inflow of traditional capital.He drew a parallel to stablecoins, arguing that the 100% asset reserve requirement under the "GENIUS Act" - mainly backed by U.S. Treasuries - makes them safer than bank deposits ...