Ex-Fed Researcher: Why Stablecoins Will Replace Banks by 2030

Stablecoins are quietly becoming the backbone of a new financial system: faster, cheaper, and more efficient than banks.

For the 4th episode of Stabled Up, we sit down with former Fed researcher Thomas Cowan (Head of Tokenization at Galaxy Digital) to unpack how stablecoins could outcompete banks, close the onchain/offchain gap, and redefine global capital efficiency.

We discuss:

- Fed Researcher → Stablecoin Builder: Thomas's Journey

- Stablecoins vs CBDCs: What's the Real Difference?

- Why Regulatory Clarity Is Finally Here

- Europe's Stablecoin Play: AllUnity Launch

- Capital Efficiency Rivaling AI's Productivity Promise

- The Road to On-Chain Parity with Off-Chain Currency

This is one of the clearest breakdowns yet of how stablecoins go mainstream, from Fed research to trillion-dollar adoption.

The Rollup