Some policymakers have pointed out that with the advancement of a new round of market structure regulation, the boundaries between the traditional banking system in the US and the crypto ecosystem are becoming blurred. In the future, these two sectors may gradually merge into a unified digital asset industry.

One of the manifestations of this integration is stablecoins. Traditional banks will not only consider entering the crypto market but also, more importantly, seize market share by issuing stablecoins. Banks can leverage this to offer yield products to users and directly compete with fintech companies.

In other words, stablecoins are not just technological products but also resemble financial instruments. If banks master this tool, they can secure a favorable position in the digital asset era. This shift reflects the adaptability of traditional finance and also signals a reshaping of the entire industry landscape.