According to @BitMEXResearch, for the largest banks, payments from new loans, purchases, or salaries typically credit accounts at the same large bank or appear as interbank deposits from smaller banks, so these actions increase deposits and do not reduce the large bank’s liquidity (source: @BitMEXResearch on X, Jan 16, 2026). According to @BitMEXResearch, the binding constraint on bank spending is the capital ratio, meaning how much equity the bank has, rather than the availability of customer deposits (source: @BitMEXResearch on X, Jan 16, 2026). According to @BitMEXResearch, full-reserve stablecoins and narrow banks are fundamentally different from the existing banking system in this critical respect, underscoring distinct liquidity mechanics relevant to market participants (source: @BitMEXResearch on X, Jan 16, 2026).