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Austin Campbell says stablecoins move deposits rather than destroy them

NewsFeeds update

Austin Campbell, founder and CEO of Zero Knowledge, says stablecoin purchases shift ownership of bank deposits between accounts rather than removing money from the banking system. He argues stablecoins resemble cash or money market products more than leveraged bank deposits.

StablecoinsCoinNessAINeutral

Read the original on CoinNess

More Stablecoins updates

  1. Anchorage Digital Bank to custody MXNB across six blockchains as Bitso lists USDPT and USAT

    StablecoinsOdailyAIBullish

  2. Kaiko says USDC now takes 56% of euro stablecoin trading, overtaking USDT

    StablecoinsOdailyAINeutral

  3. Walapay CEO Tom Borgers says stablecoin payments will not replace banks

    StablecoinsChainCatcherAINeutral

Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.