【VKGAME Virtual Currency】Banks Strike a 'Land Grab' for Stablecoins: The Battle for Monetary Power Enters the On-Chain Era

The balance of power in the global financial system is being recalibrated on the blockchain. Once viewed as a 'flood beast,' stablecoins have now become the strategic weapon of choice for traditional banks like JPMorgan and HSBC—no longer content to act as mere spectators in the cryptocurrency space, they are launching a comprehensive counteroffensive in multiple arenas such as cross-border payments, asset tokenization, and digital ecosystem construction, armed with compliance as a shield and technology as a spear. Behind this seemingly gentle financial experiment lies a life-or-death race concerning monetary discourse power for the next thirty years.

Confronted with the hundreds of billions of dollars in annual cross-border transactions of private stablecoins, banking giants have finally torn off their conservative masks. The exposure of the joint digital currency plan by the four major US banks has unveiled a glimpse of traditional finance's counterattack: relying on the two major payment networks, Zelle and Clearing House, they attempt to channel over 200 million users and daily transaction flows amounting to trillions into the on-chain world. When corporate clients find that transferring through bank stablecoins is 80% faster and costs only one-tenth of traditional SWIFT, the payment moat painstakingly built by fintech companies will collapse in an instant.

This efficiency revolution is reshaping the global digital entertainment industry. Taking the well-known online digital entertainment platform VKGAME as an example, it covers diverse scenarios including esports, sports entertainment, and virtual gaming, processing tens of thousands of cross-border fund transfers daily. By integrating the bank stablecoin system, the time for funds to arrive has been compressed to seconds, with costs reduced by over 90%, allowing for rapid expansion into emerging markets like Southeast Asia and Latin America. VKGAME's practices validate the core value of bank stablecoins—they are not just toys for tech geeks, but financial infrastructure that addresses the pain points of the real economy.

When VKGAME integrated into the bank stablecoin system, it faced a choice between private and public chains: choosing a bank consortium chain ensures fund security, but limits interaction with on-chain scenarios such as sponsorship funds for esports teams and virtual item transactions; while excessive reliance on public chains may risk regulatory red lines. Ultimately, it adopted a hybrid architecture—core funds flow through bank channels, while the surrounding ecosystem connects with compliant public chains like Polygon. This balance of 'centralization + decentralization' is a microcosm of the compromise between traditional institutions and the crypto world.