Coinbase has issued a firm rebuttal to assertions that stablecoin usage depletes U.S. bank deposits, labeling such claims as unfounded. In a detailed analysis, the exchange emphasized that the majority of stablecoin transactions and related economic activities occur outside the United States. This international usage, according to Coinbase, does not diminish domestic banking reserves but instead amplifies the global utility and demand for the U.S. dollar. By facilitating efficient, dollar-denominated transactions across borders, stablecoins enhance the currency’s pivotal role in worldwide finance. The company underscored that these digital assets support, rather than undermine, the dollar’s strength by integrating it more deeply into the digital economy. This perspective challenges common misconceptions and highlights the structural benefits of stablecoin adoption for national economic interests.
