🏦 Banks vs. Crypto: Omid Malekan Exposes Manipulations at Davos

The debate over stablecoin regulation is heating up. Digital asset expert Omid Malekan has called out the aggressive stance taken by big bank CEOs toward Coinbase and the crypto industry during recent discussions in Davos.

Here are the key takeaways from his critique:

🔹 The "Goliath" is Scared: Malekan finds it ironic that banking giants with combined balance sheets of over $5 trillion and decades of government protection view crypto firms (with a $50B market cap) as a systemic threat.

🔹 Questionable Math: Claims of a potential "$6 trillion deposit flight" due to stablecoins lack academic backing. Malekan argues these figures come from bank-linked advisory groups specifically to pressure regulators.

🔹 Savers Over Bankers: While banks claim stablecoins hurt borrowers, Malekan points out they actually improve conditions for savings and payments for the general public. Banks are prioritizing their own margins over consumer benefits.

🔹 The Real Threat: Most funds in digital dollars eventually return to the banking system, but in the form of higher-yield accounts. According to Malekan, it’s not credit availability that’s at risk—it’s the banks' excessive profits.

It seems the traditional financial elite is fighting to maintain its monopoly on global capital. 📉

What do you think? Are stablecoins a threat to stability, or are they the key to financial freedom? 👇

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