Brendan Greeley
Financial historian and Princeton-affiliated expert on banks, banking and monetary history, featured as the episode's guest to explain the risks and history around stablecoins.
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Mar 5, 2026 • 27min
The case against stablecoins
Brendan Greeley, a financial historian and Princeton-affiliated expert on banking history, explains why stablecoins look a lot like traditional banks. He walks through the Genius Act, reserve rules and how providers earn returns while depositors do not. He also traces regulatory lessons from past banking crises and how state charters and central bank rules shape risks.
