According to CoinMeta, Coinbase CEO Brian Armstrong stated that community banks will be in a stronger position in competition if they use stablecoins. They are helping over 1000 community banks to acquire the capability to use stablecoins within their existing systems, which will enable faster settlements, cost reduction, and the opportunity to access funds in real-time. He pointed out that discussions in Washington regarding stablecoins and community banks overlook the most important point: stablecoins represent an opportunity.