Ryan Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
But if the stable coins are being used in some way, then possibly there's a backdoor to provide rewards to users?
I wonder what that means.
What if the stable coins are on base in DeFi or something like that?
That does not look like-
Bank deposit?
Yeah, that doesn't look like bank deposits.
Right?
Right now, they're very crypto-friendly.
Right.
Yeah.
Okay.
So that's why Coinbase must have thought that this is a compromise that they could somewhat deal with.
Yes.
Okay.
So my understanding though, is that this issue is kind of closed, but not all the way closed.
There was a report from Eleanor Tarrant that banking trade groups plan to actually revamp and ramp up outreach to additional members in the coming days.
And so they're not quite sure that this is enough of a closure.
Okay.
I see.
Now regulators get to decide if you have crypto friendly, they might do that.