🚨 LATEST: Standard Chartered warns stablecoins pose up to $500B risk to US bank deposits by end of 2028. https://t.co/ZYQ4FGC08H ...

Standard Chartered warns stablecoins could drain $500 billion from U.S. bank deposits by 2028 https://t.co/zxHZxcp7fU ...

What is the difference between a stable coin and a US dollar. The dollars that we typically transact with today, the digital dollars that we use are typically our bank deposits, right. And those are liabilities of the bank.The bank takes your deposits, it loans it out, and that's how banks make money. Stable coins are fully 100% reservebacked with cash and short-term treasuries. And so if you talk to Jeremy Aair who's the CEO of Circle, one of the largest stablecoin issuers, he'll say that stablecoin is a b ...