Stablecoin Banks.

Recently stablecoin integrated banks have taken off, allowing people to store stables on your account, enjoy the yield and spend in stores. I do not care much about these things - my desire for stable based banks is simpler - I do not want a private company that can be hacked, turn malicious or make a dumb mistake to know my net worth. I’m relatively tolerant to the government knowing my assets and net worth upon request (or when I file yearly) but a private company? no to me that is unacceptable.

Stablecoin banks actually enable this to a degree, you move all your net worth into misc stables (breaking the link from KYC) store in railgun/privacypools (privacypools is lower cost) then you transfer out to your bank as/when needed - You can now quickly deploy your net worth but at no point is your net worth exposed to a private company, just your throughput.

Your bank can only freeze what is in the account - it’s also significantly more convieniant than sending to an exchange, selling on the exchange, transferring to your bank - instead you just send the stable directly to your bank.