Traditional finance is facing real challenges

A senior executive from a major exchange recently spoke very frankly — the opposition from banks has never been about "security and stability," in plain terms, it's because their business is being taken away.

Looking at the current situation makes it clear. The annual interest rate on a regular savings account in the US is only about 0.14%, while stablecoins can offer nearly 3.8% returns, backed 100% by reserves and with manageable risk. This kind of return gap is not a small matter — for ordinary depositors, the choice is obvious.

The banking system has been built over decades, and suddenly being challenged by a transparent, efficient, global alternative is no surprise to feel anxious. But anxiety can't change reality — when economic incentives are clear, users will vote with their feet.