Are banks' concerns about stablecoins a false proposition? Industry insiders debunk five "myths"

2026-01-13 05:40:10

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【Crypto World】There is a common topic in the US financial industry—stablecoins will threaten traditional banking. Recently, a part-time professor at a university publicly stated that this concern is “baseless” and merely an excuse to protect vested interests.

His view is straightforward: the growth of stablecoins could actually increase bank deposits. Why? Because the majority of demand for stablecoins comes from overseas markets, not as a substitute for domestic deposits. The five misconceptions about banking hype—from run risks to shrinking loans—are all unsubstantiated.

The most interesting point in his argument is that stablecoins’ competition will only suppress bank profits and have limited impact on lending. If banks really want to compete, they can just raise interest rates—why rush to shout from the rooftops?

He finally highlighted the core issue—Congress should prioritize innovation and consumer rights when legislating, rather than opening backdoors for large banks with high profit margins. The contest between financial innovation and traditional finance is essentially a battle of interests.

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LostBetweenChains

· 01-15 23:27

The bank's old rhetoric is long outdated. Stablecoins are not here to threaten their livelihood; they're just making excuses to maintain their monopoly position.

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SilentObserver

· 01-13 06:06

The bank's usual rhetoric is really laughable. Talking about run risks and shrinking loans, it's just because they're afraid of not making that little interest margin. Stablecoins mainly serve the overseas market; they pose no real threat domestically. The banks themselves are well aware of this logic.

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GateUser-00be86fc

· 01-13 06:00

That set of banking rhetoric is really annoying. Stablecoins are threatening your livelihood? Come on, the overseas market is so big, can't you see that? Do you have to make everything about yourselves? You don't even want to do something as simple as raising interest rates, and instead you're playing political games, typical.

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ChainPoet

· 01-13 05:53

Banks really see stablecoins as their imaginary enemy, crying poverty one after another, but in reality, they're just afraid of losing profits to revolution... This professor's point is spot on, with the majority of overseas demand, domestic deposits have limited impact, and they're still putting on a show over there.

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SwapWhisperer

· 01-13 05:45

This set of arguments from banks is outdated. Stablecoins can't threaten their core business at all; they just don't want to be cut off at the source.

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