Crucial Truths Ignored By Bank Critics Inside The Stablecoin Church

Forbes Business

by John Tamny, Contributor

February 19, 2026

AI-Generated Deep Dive Summary

Crypto exchanges are striving to operate like banks while sidestepping the extensive regulations that traditional banks must adhere to. These platforms aim to leverage stablecoins—cryptocurrencies pegged to real-world currencies—to create a more flexible and less regulated environment for financial transactions. By doing so, they can offer services akin to banking without the same regulatory burdens. Stablecoins play a crucial role in this strategy by providing price stability and facilitating cross-border transactions efficiently. This approach allows crypto exchanges to attract users seeking alternatives to conventional banking systems. However, it also raises concerns about consumer protections and financial stability, as these platforms may lack the safeguards found in traditional banking. The implications for the financial sector are significant. While this model could disrupt

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Originally published on Forbes Business on 2/19/2026