#稳定币市场发展 Seeing these two pieces of news, I am reminded of a question many people have asked me recently: Will stablecoins really take away business from banks?

Honestly, my answer might surprise many—no. At least not in the way everyone imagines.

Research data from Cornell University is quite interesting: despite the explosive growth in stablecoin market capitalization, the loss of bank deposits hasn't been as terrifying as predicted. The reason is simple—"stickiness." We tie wages, mortgage payments, and credit cards to bank accounts, and the convenience value of this is far higher than the few basis points of returns that stablecoins can offer.

But this doesn't mean banks can rest easy. On the contrary, the emergence of stablecoins is pushing banks to raise interest rates and improve efficiency. Just like streaming media forced the music industry to transform, competitive pressure is often the best driver for systemic self-updating.

More importantly, Binance's USD1 savings product now offers a 20% annualized return, which indeed makes traditional bank savings accounts look somewhat modest. But I want to remind everyone that any seemingly high return is worth asking "why" multiple times behind it. High returns inevitably come with certain risks—that's basic financial logic.

My advice is: don't see this as an either/or situation. You can hold bank deposits to ensure basic liquidity and safety, and according to your risk tolerance and asset planning, moderately allocate to stablecoin products. This is the truly prudent asset allocation approach—diversify, hold long-term, and review periodically.

The stablecoin market is growing, and the financial system is adapting. Change itself isn't scary; blindly following trends or completely ignoring it is the biggest risk.