#稳定币市场发展 Seeing these two pieces of news, I'm reminded of a question many people have been asking me recently: Will stablecoins really steal business from banks?

To be honest, my answer might surprise many people — no. At least not in the way everyone imagines.

The research data from Cornell University is quite interesting: despite the explosive growth in stablecoin market value, the scale of bank deposit outflows hasn't materialized as catastrophically as predicted. The reason is simple — "stickiness." We tie our salaries, mortgages, and credit cards to bank accounts, and the value of this convenience far exceeds the few basis points of yield that stablecoins can offer.

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

More importantly, Binance's USD1 demand deposit product now offers 20% annualized returns, a figure that certainly makes traditional bank savings accounts look rather meager. But I want to remind you that any yield that looks exceptionally high deserves multiple questions about "why." High returns necessarily correspond to some form of risk — this is basic financial logic.

My suggestion is: don't view this as an either/or situation. You can simultaneously maintain bank deposits to guarantee basic liquidity and safety, then allocate stablecoin products appropriately based on your own risk tolerance and asset planning. This is truly a sound asset allocation strategy — diversified allocation, long-term holding, and regular reviews.

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