Stablecoins to Drive Global Deposits into US Banking System

A former advisor to Donald Trump has made a bold claim about the future of stablecoins. In an interview, he stated that these digital assets will drive global deposits into the US banking system.

According to him, stablecoins can increase access to financial services for underserved populations and reduce reliance on volatile cryptocurrencies. He believes that this shift will have a significant impact on traditional finance.