Banks currently extract an implicit subsidy from savers by paying zero yield on deposits while lending that money at profitable rates; stablecoins will force banks to compete for deposits at fair market rates, redistributing the subsidy from borrowers back to savers and reducing indebtedness.
causalpending
Speaker
Austin CampbellEvidence Quote
“we're going to offer the following deal to consumers. We pay you zero on your deposits. We're going to go lend that money to other people, often quite risky”
Source
The Secret To Maintaining Dollar Dominance | Joseph Wang & Austin Campbell LIVE @ DAS— Forward GuidanceCreated: 8/11/2026, 8:05:39 AM
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