What exactly are traditional banks afraid of? Stablecoin reward mechanisms spark thoughts on financial competition

【Crypto World】An interesting viewpoint is going viral. The head of a leading compliant trading platform recently shared an observation — traditional banks are secretly trying hard to stifle the reward mechanisms of stablecoins. In plain terms, they don’t want stablecoins to steal their business.

The logic behind this is quite straightforward: banks’ profit margins are already being squeezed, and stablecoins, as a new financial tool, attract capital with their transparency and efficiency. Once the reward mechanisms for stablecoins are activated, the outflow of depositors will become even more obvious. How much longer can the moat of traditional finance hold up? This question is no longer just asked by the crypto community; even Wall Street is starting to panic.

Stablecoins themselves are a neutral technological solution, but they hit the pain points of traditional finance — low efficiency, high costs, and information asymmetry. The banks’ resistance actually further confirms this. The outcome of market competition will really depend on policy directions and user preferences.