🗓According to the international organization BIS, banks have a capital buffer (CET1 capital) of 13.4%.

🔍This is like a safety cushion for their finances.

At the same time, stablecoins like Tether are over-collateralized — they have reliable assets such as short-term US bonds, as well as protection in the form of Bitcoin and gold. Because of this, capital may start to flow from less stable banks into more reliable stablecoins, as they appear stronger.