[Coinbase Policy Head Says Full Reserve Mechanism Enhances Stablecoin Security] Coinbase Policy Head Faryar Shirzad stated that the full reserve collateral mechanism makes stablecoins safer than the banking industry and believes that the widespread adoption of stablecoins would actually enhance stability. He explained that banks issue long-term high-risk loans, facing both credit and liquidity risks, whereas stablecoin issuers typically hold short-term government bonds, which are nearly risk-free and highly liquid.