Coinbase has defended stablecoins, asserting that they enhance the global standing of the US dollar while rejecting worries about their effects on US bank deposits. The company contends that stablecoins play a crucial role in the financial ecosystem by providing stability and liquidity. Coinbase emphasizes that these digital assets do not pose a threat to traditional banking systems but rather complement them. The firm argues that concerns regarding stablecoins undermining bank deposits are unfounded and misinterpret the function of these currencies.
