Stablecoins Pose 'Systemic Risk' To US Banks And Dollar, Former BoE Advisor Warns: 'They're Very Bad Customers For The Banking System'

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Jun 17 2025

Explore Agentic TradingLet AI Trade for You

Concerns Over Stablecoins: Former Bank of England economist Dan Davies warns that stablecoins, which lack traditional banking oversight, pose risks to the financial system and could lead to significant withdrawal demands from banks during times of instability.
Legislative Implications: The GENIUS Act, aimed at regulating stablecoins, may unintentionally normalize risk, while the rise of stablecoins could accelerate global "de-dollarization" as countries seek alternatives to U.S. dollar-backed assets.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like C with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for C

Technical Sentiment Analysis for Chainbase (C). As of , Chainbase (C) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for C stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, C is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainbase (C) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0515	0.0634	0.0737	0.0856	0.0959	0.108	0.118
Fibonacci	0.0634	0.0719	0.0772	0.0856	0.0941	0.0994	0.108

About C

Chainbase is building the Hyperdata Network for AI — a foundational layer for the DataFi era.We transform fragmented onchain signals into structured, verifiable, and AI-ready data, enabling permissionless coordination between agents, apps, and humans. With over 500 billion+ data calls, a vibrant community of 20,000+ developers, and 8,000+ project integrations, Chainbase powers a decentralized data economy where data becomes capital: composable, monetizable, and open to all.We are backed by prominent funds including Matrix Partners, Hash Global, Folius Ventures, JSquare, DFG, Mask Network, Bonfire Union Ventures, XVC, ZhenFund, M77, BODL Ventures and others.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on C?

Get Started Free