Stablecoins Are Safer Than Banks

Thomas Cowan, Head of Tokenization at Galaxy, breaks down why stablecoins backed by treasuries are arguably safer than traditional bank deposits. When you deposit money at your bank, the money isn't actually there — it's lent back out across the economy. Stablecoins compliant with the GENIUS Act are backed by cash, repo, and treasuries sitting in custody. That's a fundamentally different risk profile.

Feb 27 - 21:53