Stablecoins Can Drain Banks and Nations at Lightning Speed

The framing itself is the story: stablecoins are being discussed as a structural force in bank funding and capital flight, not just a payments niche. That reframes the policy debate from consumer protection toward monetary sovereignty and deposit stability, with the sharpest implications for smaller or less diversified economies where switching costs are low. Notably, the absence of named institutions or jurisdictions leaves the analytical claim untested, so the open question is whether regulators treat round-the-clock mobility as a supervisory problem or as competition that forces faster settlement and better deposit terms.