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Cryptocurrency Cointelegraph

Coinbase says stablecoins not draining bank deposits, calls it a ‘myth’

Coinbase rejected claims that stablecoins drain US bank deposits, arguing most activity happens overseas and boosts the US dollar’s global strength.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Coinbase says stablecoins not draining bank deposits, calls it a ‘myth’

Coinbase rejected claims that stablecoins drain US bank deposits, arguing most activity happens overseas and boosts the US dollar’s global strength.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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