Stablecoins were supposed to reduce reliance on traditional banks. Instead, the biggest players may be building even deeper into the banking system.
The article points to Stripe’s $1.1 billion acquisition of Bridge, whose core business involves coordinating bank relationships, alongside Citi’s crypto-custody plans and Standard Chartered’s testing in the sector.
That’s an important reality check for the “crypto replaces banks” narrative. Stablecoins can move value on-chain, but scaling them globally still requires fiat rails, custody, compliance, settlement and trusted access to the banking system.
For users and investors, the question is not whether banks disappear from stablecoin infrastructure. It’s which banks, payment firms and crypto platforms become the key gateways between on-chain money and the real economy.
Watch whether more major financial institutions move from pilots and custody services into direct stablecoin issuance, settlement or distribution.
Are stablecoins reshaping banking—or simply creating a new banking layer for crypto?
#Stablecoins #CryptoNews #TradFi
The article points to Stripe’s $1.1 billion acquisition of Bridge, whose core business involves coordinating bank relationships, alongside Citi’s crypto-custody plans and Standard Chartered’s testing in the sector.
That’s an important reality check for the “crypto replaces banks” narrative. Stablecoins can move value on-chain, but scaling them globally still requires fiat rails, custody, compliance, settlement and trusted access to the banking system.
For users and investors, the question is not whether banks disappear from stablecoin infrastructure. It’s which banks, payment firms and crypto platforms become the key gateways between on-chain money and the real economy.
Watch whether more major financial institutions move from pilots and custody services into direct stablecoin issuance, settlement or distribution.
Are stablecoins reshaping banking—or simply creating a new banking layer for crypto?
#Stablecoins #CryptoNews #TradFi
