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,
wthoutwithout 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.