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