Эксперт Coinbase: Стейблкоины направляют инновации, а не угрожают банкам Translation: Expert from Coinbase: Stablecoins Drive Innovation, Not a Threat to Banks

The fears expressed by American banks regarding the potential for stablecoins to «absorb» their deposits are unfounded and overlook the actual use cases for such assets, stated Faryar Shirzad, the policy head at Coinbase.

«The notion that stablecoins will dismantle bank lending disregards the facts. U.S. banks possess trillions in reserves — they have abundant liquidity,» he remarked.

Shirzad further emphasized that much of the demand for «stablecoins» originates from other nations. This underscores the dominance of the dollar globally rather than posing competition to local financial institutions.

In his view, stablecoins fulfill a role for payments similar to that of money market funds for savings — they drive innovation through competition.

Faster, cheaper, and programmable transactions do not pose a threat; instead of disappearing, lending will evolve, transforming into private business and fintech, according to the Coinbase executive.

«Public banks and stablecoin holders rarely overlap, even though banks could enhance their services with stablecoins. To regard them as a threat is to misunderstand the moment: stablecoins reinforce the global standing of the dollar and create competitive opportunities,» he stressed.

In a separate report, Coinbase researchers noted that even if the circulation of stablecoins worldwide reaches $5 trillion, most of this value will still remain stored abroad or locked in digital payment systems, rather than being withdrawn from U.S. accounts.

The total deposits in American commercial banks exceed $18 trillion, suggesting that the influence of digital assets «will remain minimal, while the global dominance of the U.S. dollar will grow exponentially.»

Additionally, in October, the payment company Visa expanded its transaction capabilities by adding support for four «stablecoins» across four different blockchains.