Stablecoins: Expanding Global Dollar Dominance and Challenging Traditional Banks

The world of digital finance continues to evolve, presenting opportunities and challenges for traditional banking institutions. Coinbase’s Chief Policy Officer, Faryar Shirzad, sheds light on a key misunderstanding that often hinders progress – the belief that stablecoins pose an inherent threat to U.S. banks. According to Shirzad, this concern arises from a limited understanding of stablecoins’ practical applications and global reach.