So stablecoins are here to stay and USDC adoption will be all over the world.
So are banks!
No cryptocurrency has the power in real world to close down the banking industry. Banking is so deeply rooted in our society, that it will take centuries to come out of the banking mindset.
Banks will continue to exist the way fiat will continue to exist as well. However this doesn’t mean that crypto won’t be changing anything. A lot of people are now realizing things they want to prioritize like privacy and transparency both of which banks used to never offer as much as cryptocurrencies do. So now they are changing it up and adapting so they don’t get left behind.
Cryptocurrency adoption doesn't mean that people will have to go away from the banking system. Both can co-exist and that's fine! In the world of 7 billion people, multiple currency streams can co-exist peacefully.
Cryptocurrency is not here to replace fiat. But it will and it is changing the way we see currencies and the financial system at large