@craftdusk
NYT’s graphic is pure anti-crypto spin.
Here’s the short version:
Banks didn’t “share” yield — they paid near zero while pocketing the spread.
FDIC insurance only covers $250k, and many countries have none.
Banks also “invest your deposits,” just like stablecoins do — often with more risk.
And your legal right to withdraw can vanish under capital controls or freezes.
Stablecoins offer self-custody, 24/7 access, and often safer backing.
NYT compared a fantasy version of banks to a villain version of crypto — not reality.
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