Stablecoins; But What Really Is A Bank?; Thoughts on the Genius Act
Apart from the guarantees and liquidity support, bank deposits can also have the benefit of a deeply super senior claim on the assets of the bank. So it is not just capital but also the other subordinated junior claims that protect the deposits
Apart from the guarantees and liquidity support, bank deposits can also have the benefit of a deeply super senior claim on the assets of the bank. So it is not just capital but also the other subordinated junior claims that protect the deposits