I have been thinking lately about which company's stock in the stablecoin zone will explode in the next five years?

There is a bold theory: I believe that banks will have an absolute advantage and dominate the stablecoin payment sector, leveraging their structural advantages in clearing networks and currency creation capabilities.

When payment service providers can only operate at a 1:1 capital efficiency (requiring 100% pre-deposited funds for each transaction), banks can exert pricing power at a capital efficiency of 29:1.

The cost of payment lies not in liquidity, but in the capital locked during settlement, operational expenses, and associated risks.

When banks establish a tokenized clearing network infrastructure, they will become the leaders in the stablecoin sector, possessing core compliance resources, customer resources, liquidity advantages, and banking network resources.

The fact we may face is that banks will not be the victims of stablecoins, but rather the ultimate beneficiaries and leaders.

So: instead of buying Circle, is it better to buy bank stocks as a hedge?