Quote from: Iranus on Today at 08:33:17 AM

Quote from: avikz on May 30, 2025, 02:06:24 PM

Quote from: Mansory22022 on April 11, 2025, 11:59:17 AM

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.

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.

Many people mistakenly think that they only use banks to transfer money, deposit money and consider it just a simple monetary system. But in reality, banks are not just systems used to process payment transactions, money transfers...banks are much larger than that and are considered the backbone of the economy. They are the ones who manage and regulate the economy through monetary policy, without banks, there would be no economy. So as long as the economy exists, banks will exist.

Stablecoins are being researched and legalized in many countries, which means that when everything is done, banks will take over and manage stablecoins.

No doubt banks are having enough work to do for countries because without them things have never been easy to manage in few countries things are completely under their control because they are managing all things which are allowed common peoples to have better and easy way of life.
New approach of stablecoins are surely going to have good change for them and many countries those are going ahead with their strategy of having them into their system because with these things could be gone on next level and customers also able to have give less fees and quick service.
Banks role is going to be had solid and positive for long run because without them its never been easy for any country to have manage all their system and economy adoption of crypto and stablecoins surely going to be had good impact and things could be much easier to manage with them.