Could a Bank Cyberattack Drive Stablecoin Adoption

The cyberattack seems like a very possible scenario because it's a way for the banks to absolve themselves of any role in a financial crisis.

Um, it's an easy way to, uh, consolidate banks so that only systemically important ones survive the hack.

Um, and it could also potentially be a very effective means of onboarding people onto this new digital currency paradigm.

So for example, let's say this financial, um, cyber, uh, this, uh, cyberattack on the banks takes place, and they say, "Well, the existing money in your account has disappeared.

The hackers took it, but we can return to you the exact same amount of money you had, but it won't be in the dollars you had before.

It will be in USDC or this dollar-backed stablecoin, or it will be this token."

So you can get an equivalent amount of money back, right, um, from the money that was stolen from you, but it has to be this new money. It has to be