Coinbase CEO has blunt 2-word response to bank deposits

The banking industry’s claim that stablecoins will drain $1.3 trillion from community banks is a total narrative violation. Data shows that as stablecoins like USDC grow, bank deposits actually increase alongside them. Instead of a threat, these digital assets allow small banks to compete with global giants without massive IT budgets. Are banks lying about the risks just to protect their monopoly on your money and prevent you from earning higher yields? What’s your take?
This summary was generated by AI