Coinbase Debunks "Myth" of Stablecoins Eroding Bank Deposits

Coinbase has strongly refuted claims that stablecoins pose a threat to the U.S. banking system, labeling the concept of "deposit erosion" as a myth. The cryptocurrency exchange argues that recent analyses show no significant link between stablecoin adoption and deposit outflows from community banks, asserting that stablecoins serve as payment tools rather than savings accounts.