Coinbase: Страх банков о стейблкоинах основан на недопонимании их роли Translation: Coinbase: Banks Fears About Stablecoins Are Based on a Misunderstanding of Their Role

The apprehension of American banks regarding the potential for stablecoins to «consume» their deposits is unfounded and fails to consider the actual practical uses of these assets, according to Faryar Shirzad, Coinbase’s policy head.

«The notion that stablecoins will disrupt bank lending overlooks the reality. U.S. banks have trillions in reserves—there’s plenty of liquidity,» he noted.

Shirzad further emphasized that a significant portion of the demand for stablecoins originates from other countries, which reinforces the dollar’s dominance globally rather than competing with local financial institutions.

He believes that stablecoins serve a similar purpose for payments as money market funds do for savings—promoting innovation through competition.

Faster, cheaper, and programmable transactions do not pose a threat; instead, they will evolve into private enterprises and fintech, argues the Coinbase executive.

«Public banks and stablecoin holders rarely overlap, although banks could enhance their services through stablecoins. Viewing them as a threat demonstrates a misunderstanding: ‘stablecoins’ strengthen the global standing of the dollar and create competitive opportunities,» he emphasized.

In a separate report, Coinbase researchers pointed out that even if the global trading volume of stablecoins reaches $5 trillion, most of that value will still be held abroad or locked within digital payment systems, rather than being withdrawn from U.S. accounts.

The deposit volume of American commercial banks surpasses $18 trillion, therefore, the impact of digital assets «will remain minimal, while the global dominance of the U.S. dollar will significantly increase.»

It’s worth noting that in October, payment company Visa expanded its transaction capabilities by adding support for four stablecoins on four different blockchains.