According to the Financial Times, technology experts predict that blockchain stablecoins will trigger a "supercycle" within five years, with more than 100,000 such payment systems likely to emerge worldwide, forcing a fundamental restructuring of the financial system.
Stablecoins threaten traditional banks' deposit base and credit supply by facilitating payments rather than credit. The European Central Bank, worried about the loss of sovereignty, has accelerated the launch of digital currencies. Commercial banks have fought back, turning traditional deposits into "deposit tokens". Charlie Nunn, CEO of Lloyds Banking, says combining AI could redesign financial services.
JPMorgan's daily tokenized payments are about $5 billion, which is still small compared to $15 trillion in mainstream payments. But bank tokenized deposits have advantages: 24/7 transfer without correspondent bank, anti-money laundering protection, central bank endorsement, interest payments, and support for smart contract automation. It is expected to resist stablecoin competition while maintaining regulatory advantages.
Financial Times: Stablecoins will usher in a "supercycle" to reshape banking in five years
2025-12-15 09:53:32
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