Why Banks Have Nothing to Fear from a Water-Price Based Stable Coin but Everything to Gain
Every time a new currency appears, the financial world reacts the same way: fear.
Will this replace us? Will it drain our deposits? Is this the end of banking?
It's an understandable reflex. In the case of a Water-Price-Based Stable Coin O, it's also wrong.
A new Stable Coin doesn't lend. It doesn't advise. It doesn't underwrite. It doesn't chase your customers. In case of the O coin, It does one thing: it adds stable, debt-free money to the hands of people who will spend it.
Let's look honestly at what O Coin actually touches in the banking business—and what it doesn't.
What Do Banks Actually Do?
A modern bank isn't one business. It's a bundle of many:
• Lending — mortgages, auto loans, personal loans, business credit
• Payments — cards, transfers, merchant processing
• Advisory & wealth — investment advice, asset management, brokerage
• Insurance &...
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