Stablecoins may not drain banks of dollars but they can still make lending more expensive

Here's a hypothetical scenario: you want to use $100 out of your bank account to buy newly issued stablecoins. The company issuing the stablecoins takes your dollars, puts them in its own bank account, and gives you a balance you can send around on a blockchain. You got the product you wanted, and somewhere in … The post Stablecoins may not drain banks of dollars but they can still make lending more expensive appeared first on CryptoSlate.

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