I think I found out where the "$6 trillion of bank deposits at risk" came from, and it's NOT from "Treasury analysis" as often cited (most recently in the @FT) In fact, it's lifted from an industry presentation given at a Treasury meeting last year. No evidence the presentation was endorsed by the Treasury Department, which would be easy to conclude if you thought it was "Treasury analysis" A subtle but important distinction amidst all the noise. In reality, the Treasury Dept has been a stablecoin champion. Link to source: home.treasury.gov/system/files...…