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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 CointelegraphRelated market context
HKMA Pilot Lets Banks Settle Tokenized Deposits Nights and Weekends in Central Bank Money
Banks in Hong Kong can now settle tokenized deposit transactions with one another 24 hours a day, seven days a week, using tokeniz...
Tokenized stocks from Robinhood, Binance, and Coinbase attract $130.5M in DeFi deposits
The surge in DeFi deposits of tokenized stocks highlights a shift towards decentralized finance, raising questions about regulator...
North Korea denies involvement in $6.3B Binance hack, calls FBI claims absurd
Kim Yo Jong denies North Korea's role in the $6.3B Binance hack, calling FBI allegations absurd rhetoric as US authorities investi...
Ari Redbord calls Binance theft the largest bank robbery in history
The Binance theft underscores the vulnerability of digital assets, prompting urgent calls for enhanced security measures and regul...
After Binance’s $6.3 Billion Hack, Austin Campbell Calls for a 24-Hour Clock on Billion-Dollar Crypto Moves
Crypto hacks reach into the billions partly because the industry designed its systems around technology risk and never adopted the...
Binance Sees Deposits Overtake Withdrawals as It Covers 95% of Stolen Assets
The update comes as the exchange expands withdrawal access across multiple blockchain networks and reports replenishing approximat...