@Noahpinion This is a completely false premise
Global dollarization, asset backed finance transparency, lending against any collateral, composability of assets, etc
The reality is that what used to be gated behind a bank repo desk or ISDA can now be composed without banks
β‘οΈ JUST IN: McKinsey sees a $4 trillion shift toward a three-layer onchain monetary system built on stablecoins, tokenized bank deposits, and central bank money.