US regulation accelerates, are traditional banks preparing to embrace stablecoins?

Question

【Chain Wen】Recently, I heard an interesting judgment. The crypto advisor at the White House believes that as soon as the Market Structure Act is implemented, the banking industry’s attitude towards crypto assets will do a 180-degree turn, with stablecoins leading the way. He said very straightforwardly— the boundary between banks and crypto will gradually blur, eventually merging into a unified digital asset industry.

Why are banks still on the sidelines now? Basically, it’s because the rules are not clear. Many large banks are waiting, waiting for what? Waiting for the legislative framework to become clear before taking action. Once the bill passes, institutions will have clear game rules, and the motivation to participate will come.

Stablecoins are especially interesting here. Banks might see issuing stablecoins as a new revenue source, while also using them to compete against fintech companies. Ironically, the banking industry is still lobbying against companies offering stablecoin profits, but in the long run, they will also join this game. When the law takes effect, stablecoin revenue could become a routine business for banks.

NonFungibleDegen · Accepted Answer

ngl the banks doing a 180 on stables once regulations hit is just them realizing they're already cooked... probably nothing tho

RetailTherapist · Answer

Haha, traditional banks' moves are really impressive... They're still opposing stablecoins, and now they're about to issue their own? That's hilarious.

Banks are like this—won't move until rules are clear, but once the legislation settles, they rush in immediately. Basically, it's all about profit.

Will stablecoins really become the new ATM for banks? It doesn't seem that simple.

A 180-degree turn indeed... Once the policy dividend period arrives, they'll go all in.

If this actually materializes, the boundary between traditional finance and on-chain assets will be completely gone? That's quite exciting.

SatoshiSherpa · Answer

The bank's move is really outrageous. They're still opposing stablecoins, and now they want to issue their own. It's a classic case of "I can't do it, but I won't let you do it."

Rule one is clear: these institutions immediately turn hostile. Where's the promised decentralization? Now they've all jumped in.

A 180-degree turn? I think they've been forced. They had no choice but to embrace crypto.

Wait, if stablecoin yields become the standard for banks, doesn't that mean our advantages as early players are gone?

This is what you call opposing with one hand and embracing with the other. Traditional finance is playing this trick like a pro.

SmartContractPhobia · Answer

This trick by the bank—saying they oppose it verbally, but once the bill passes, they'll be the first to jump on the bandwagon. A 180-degree turn is easy to say; let's see what happens when that day actually comes.

US regulation accelerates, are traditional banks preparing to embrace stablecoins?

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