YZi Labs Partner: Every Bank Will Become a Stablecoin Company
YZi Labs (formerly Binance Labs) investment partner and interim president of BNB Network, Alex (Odagius, former Goldman Sachs), stated in an interview: "Every bank will become a stablecoin company."
This viewpoint emphasizes that stablecoins are reshaping banking and payment infrastructure, and traditional banks need to incorporate stablecoin functionalities into their core business rather than treating them as peripheral tools. The interview has been compiled into an article format, available on Substack, Medium, and LinkedIn.
From a market mechanism perspective, event-driven narratives are strengthening the integration of banks and stablecoins. Funds are flowing towards institutions with stablecoin issuance, custody, or settlement capabilities, benefiting early movers among banks and stablecoin issuers, while traditional deposit models face pressure. The expansion of stablecoin scale is forcing the banking industry to restructure its products and compliance frameworks.
Source: Public Information
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Alex's judgment is based on the actual penetration of stablecoins in payments and settlements, believing that banks will ultimately internalize stablecoin capabilities into their own business rather than simply competing or resisting. His background at Goldman Sachs combined with experience in the Binance ecosystem gives him a perspective that spans traditional finance and crypto-native realms.
In terms of capital pathways, stablecoins are evolving from trading tools to bank-grade infrastructure, driving the tokenization of deposits, payments, and clearing functions. This is similar to the historical pressure that electronic payments exerted on traditional banks. We are currently in a phase where regulatory frameworks are becoming clearer, and banks are actively embracing stablecoins.
This can be compared to the early transformation of banking business by mobile payments.
Essentially, this is a reconstruction of the industry chain. The mechanism is that stablecoins solve the pain points of cross-border and instant settlement with higher efficiency and programmability, forcing banks to internalize related capabilities, or else they will face a loss of deposit and payment market share.
ABAB News · Law of Cognition
- Stablecoins are not competitors of banks, but functionalities that banks must internalize.
- Every bank becoming a stablecoin company is the true upgrade of infrastructure.
- Once payment efficiency is proven, traditional models will be forced to catch up.