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.
Key Takeaways
- 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.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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