What is a "narrow bank"? Why are stablecoins actually its Web3 reincarnation? The Genius Act, Tether reserves, USDC redemption mechanisms—seemingly stable, but in reality, fraught with risks. We’ll explain it in the simplest way— 🟡 Code cannot fulfill promises 🟡 Money is still a product of trust 🟡 Crises are never new; they just wear a new coat After watching the video, you will rethink: "Has this 'bank' really opened its doors?"