On today's show, Steven Kelly, research associate at the Yale Program on Financial Stability, takes a close look at the reasons why stablecoins still need banks, as much as they market themselves as a nonbank solution.

Read the story here.

This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis.

This episode was edited & produced by Adrian Blust.

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Stablecoins' Tenuous Relationships With Banks