What happens when stablecoins break apart the traditional business model of banks?

Economist Charles Calomiris explains how the “unbundling” of payments and lending reshapes finance, why politics matter more than technology, and what this revolution could mean for the dollar’s future.

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TIMESTAMPS

0:00 What Are Banks?

7:56 Chartered Banking

30:44 The Unbundling

51:48 Stablecoin Yield Concerns

1:01:42 Death of The Dollar?

1:15:45 Stablecoins Abroad

1:20:52 Future of The Dollar

1:24:38 Dollar as a SoV

1:32:10 Are Stablecoins Winning?

1:36:30 Closing & Disclaimers

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RESOURCES

Charles Calomiris

https://x.com/cwcalomiris 

Fragile by Design (Charles' Book)

https://www.amazon.com/Fragile-Design-Political-Princeton-Economic/dp/0691155240/ref=sr_1_1?ie=UTF8&sr=8-1 

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