This really highlights the difference between what banks think they are, and what most of their customers think they are. Also, this makes me think how in a wo

This really highlights the difference between what banks think they are, and what most of their customers think they are. Also, this makes me think how in a world where stablecoins are regulated with clear rules of what their issuers can and can’t do, you’d be better off having your funds in something like USDC instead of a bank account. It’s basically the same thing as a bank account but with full instead of fractional reserve, and the ability to hold and transfer the ‘I Owe U’ units without involving ‘the bank’ itself.