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Viktor Bunin, lead of protocol operations at Coinbase, pointed out that despite efforts to ban yield for holding stablecoins through legislation, the bill was ultimately defeated and stablecoins still provide yield. In his commentary, Bunin also noted there is zero evidence that stablecoins cause deposit flight, and he believes agents were more directly responsible for such effects.
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Bunin has previously expressed strong support for Muse over Instinct on the issue of user protection, highlighting the security challenges that new crypto startups face in comments on crypto security. He has also identified Turnkey as a leading independent crypto startup, citing its leadership and culture in recent analysis. These views reflect his ongoing engagement with emerging players and risks in the digital asset space.