CoinEx News reports that Coinbase’s Chief Product Officer said that stablecoin growth has not reduced bank deposits. Over the past six months, USDC grew by 4.6%, while demand deposits grew by 4.5%.

COIN-4.03%
USDC0.02%
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MergingMA
· 2h ago
Stablecoin growth and bank deposits rise in parallel, showing that the two are actually complementary rather than a zero-sum game.
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HoneyCollector
· 2h ago
This perspective is crucial: stablecoins are not a substitute for bank deposits, but a catalyst for expanding the entire financial system. The synchronized growth of 4.6% and 4.5% suggests that while users are using stablecoins for on-chain activity, they still retain bank accounts as a fiat on-ramp.
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