youngFUDs Hopium Chat

🐦 Via channel ↣ by @brian_armstrong (3M) Narrative violation ╭─ 🔗 Quoting @faryarshirzad (15.7K) 📸 🧵 The impact of stablecoins on small banks has received a lot of attention, but not for the right reasons. Let’s recap: Multiple empirical studies have found no meaningful link between stablecoin growth and bank deposits. As USDC grew to ~$75B, overall bank and community bank deposits grew right alongside it. In fact, over the last 6 months, USDC has grown 4.6%, and total demand deposits have grown 4.5%. No displacement there. Now the part small banks should actually care about: stablecoins enable ~4,000 community and regional banks to punch above their weight. Same 24/7 settlement and cross-border rails as a $3T GSIB. And with partners like @Fiserv, ...read more 💬 29 🔁 1 ❤️ 18 👀 8K ⌚ 1m ago ♻️ ℹ️ ✨ 🗑 👾 Run /vx classic for classic 𝕏 reposts.