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

Cointelegraph•Tuesday, September 16, 2025 at 7:56:48 AM
PositiveCryptocurrency
Coinbase says stablecoins not draining bank deposits, calls it a ‘myth’
Coinbase has dismissed the notion that stablecoins are draining US bank deposits, stating that most transactions occur internationally and actually enhance the strength of the US dollar.
Editor’s Note: This clarification from Coinbase is significant as it addresses concerns about the impact of stablecoins on the banking system. By highlighting the international nature of stablecoin transactions, Coinbase aims to reassure stakeholders about the stability and strength of the US dollar.
— Curated by the World Pulse Now AI Editorial System
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