#稳定币生态发展 I've recently been completely captivated by the topic of stablecoins🤔 I used to think that stablecoins would directly overthrow the banking system, but after some in-depth analysis, I realized—maybe I overcomplicated things?

One particularly interesting concept is the idea of "sticky deposits." Banks hold onto our money not because checking accounts are so convenient, but because everything is tied together—salaries, mortgages, credit cards—all in one place. Transferring assets elsewhere would be costly and troublesome. Data shows that even with explosive growth in stablecoins, there hasn't been a large-scale outflow of bank deposits, indicating that friction is really strong.

But the clever part is—while stablecoins might not "kill" banks, they can push them to improve! Just like the music industry was forced to upgrade from CDs to streaming, banks are now compelled to raise interest rates and optimize efficiency. This isn't a flaw in competition but a driver of systemic progress.

What reassures me most is that cross-border payments truly have huge potential. Transfers are painfully slow now, but stablecoins' "atomic-level settlement" could significantly speed up this process. If regulatory frameworks are in place (like the US GENUIS Act), it could even upgrade the entire financial infrastructure.

It seems that stablecoins and banks are not necessarily in an either-or relationship, but rather complementary? This realization somewhat overturns my previous assumptions😅