Fractional Banking, Narrow Banking & the Adoption of Stablecoins w/ Scott Shay, Founder of N3XT

About this episode

Scott Shay discusses fractional reserve banking, narrow banking, and the implications of stablecoin adoption in the context of the 2023 banking crisis.

Scott Shay is the founder of N3XT and the founder and former chairman of Signature Bank. In this episode, Scott gives a masterclass on fractional reserve banking versus narrow banking and takes us behind closed doors of Signature Bank’s collapse during the 2023 regional banking crisis. He also offers a rarely heard perspective on Wall Street’s rush into crypto, explaining why he believes some of the industry may be moving too fast. Subscribe to the podcast on Spotify: https://open.spotify.com/show/2Y3bQRj... Subscribe to the podcast on Apple: https://podcasts.apple.com/us/podcast... Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode. This show is powered by Sei. Learn more about Sei: https://www.sei.io/ Follow Crypto in America: https://x.com/CryptoAmerica_ Follow Sei: https://x.com/SeiNetwork Follow our hosts Jacquelyn: https://x.com/jacqmelinek Gerald: https://x.com/thatgerald Eleanor: https://x.com/EleanorTerrett TIMESTAMPS 00:00 - Concerns Over the Embrace of Crypto by Trad-Fi…

People in this episode

Hosts: Jacquelyn, Gerald, Eleanor

Guest: Scott Shay

Topics covered

• fractional reserve banking
• narrow banking
• stablecoins
• banking crisis
• crypto adoption
• Wall Street and crypto

Keywords

• fractional banking
• narrow banking
• stablecoins
• Signature Bank
• crypto adoption
• banking crisis
• Wall Street
• N3XT

Sponsors

Sei

Mentioned in this episode

Organizations: N3XT, Signature Bank, Wall Street

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