The Unbundling of Banks: How Stablecoins Change Everything | Charles Calomiris

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. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 🎩DEGEN | JOIN THE COMMUNITY https://bankless.cc/degen 🌳KGEN | REQUEST A DEMO  https://bankless.cc/KGEN-podcast 🏄 SURF | UPGRADE YOUR CRYPTO RESEARCH https://bankless.cc/surf ------ 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 ------ 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  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠