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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