We asked @bridge__harris (Associate at @foundersfund) what a stablecoin bank could look like. “From a consumer angle, it would look exactly like a narrow bank; every deposit is one-to-one backed with T-bills, so it’s super safe." "But that safety is why it scares regulators: if too much money flows out of fractional-reserve banks and into a stablecoin bank, it threatens the Fed and the broader U.S. system." "That’s why narrow banks could never get a charter or master account; it’s a direct challenge to how the U.S. financial system works today.”