The Chief Policy Officer of Coinbase has strongly countered the recent warnings issued by banking authorities, which suggest that the existence and use of stablecoins could pose a significant risk to traditional bank deposits. In his remarks, he emphasized the importance of understanding the role of stablecoins within the broader financial ecosystem and argued that rather than threatening bank deposits, stablecoins could offer beneficial alternatives and innovations for consumers and investors alike.
source: https://www.coindesk.com/policy/2025/09/16/coinbase-policy-chief-pushes-back-on-bank-warnings-that-stablecoins-threaten-deposits