No, a bank is regulated and insured and we have a lot of experience handling banks that go insolvent or otherwise fail.

Stablecoins are three raccoons in a trenchcoat who pinky promise you can trust them.

this is exactly what I meant when I said

> they'll try very hard to stop anyone from calling them that

because they are banks at the core of what they do, but don't want to be regulated like banks.