🏦 Banks Are Fighting Back Against Stable coins Custodia and Vantage Bank have unveiled the Hazel Network — a new system where the same token can function as a bank deposit inside a banking consortium and automatically transform into a stable coin once it moves outside the network.

🔸 The system has been running in testing on Ethereum since March and is expected to launch publicly in Q4 2026.
🔸 The goal is clear:
Traditional banks want to participate in blockchain payments… without allowing customer deposits to fully migrate toward independent stable coin issuers.
⚡ In other words:
Banks are trying to keep deposits inside the traditional financial system while still offering crypto-style settlement and transfer speed.
🌍 The move comes as global stable coin market capitalization has already reached around $315 billion, increasing pressure on banks to adapt before payment flows shift further on-chain.
This could become one of the most important trends of the next cycle:
“Tokenized bank deposits” competing directly with stable coins.
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