Financial Times: Stablecoins Will Usher in a "Supercycle" Reshaping the Banking Industry Within Five Years

According to ChainCatcher, citing a report by the Financial Times, technology experts predict that blockchain stablecoins will trigger a "super cycle" within five years, with more than 100,000 such payment systems potentially emerging worldwide, forcing a fundamental restructuring of the financial system.

Stablecoins threaten the traditional banking deposit base and the ability to supply credit, as they facilitate payments but not credit. The European Central Bank is concerned about the loss of sovereignty and is accelerating the launch of digital currency. Commercial banks are fighting back by converting traditional deposits into "deposit tokens." Lloyds Bank CEO Charlie Nunn stated that combining AI can redesign financial services.

JPMorgan's daily tokenized payment volume is about $5 billion, which is still small compared to mainstream payments of $15 trillion. However, tokenized bank deposits have advantages: 24/7 transfers without correspondent banks, anti-money laundering protection, central bank endorsement, the ability to pay interest, and support for smart contract automation. These features are expected to help banks maintain regulatory advantages and withstand competition from stablecoins.