Opinion: Megan Knab, CEO, Franklin Payroll

There are several historical examples of such huge faces for the industry, from banks debating cryptographic companies to now covering Stablecouins. If you talk to most founders or cryptocurrency companies with crypto in the balance sheet, everyone will have war stories about finding, applying for bank accounts.

Over the past three years, over half of the deban complaints have been submitted to four American banks – Bank of America, JPmorgan, Wells Fargo and Citibank. Now, because the principles discriminated against by the cryptocurrency industry, such as “Dhokepite 2.0” operation and reciting the controversial accounting rule SAB 121, possible, recent openness to blockchain from the financial sector is possible.

It is necessary for the banking industry to stop avoiding cryptocurbs and start – at least understanding it – to remain competitive. How stableleins are placed will separate bank and losers winners.

From deban to Stablecouins

Of course, Stablecouins are not a recent concept. Over the years, vast institutions, such as JPMorgan and Santander, have experimented with Stablecoin and Blockchain. These experiments concerned diminutive functions, such as internal reconciliation of the treasure and interbank settlement. Many of them also concerned private blockchains created by these banks. However, the implementation of digital dollars on private chains, however, lack the basic innovation of Stablecouins.

While the case of the utilize of Stablecouins for international messages is clear, we just scratch the surface of Stablecoin in public networks. For example, Stablecouins eliminate unauthorized vast payment and allow much faster pay cycles.

Wage payments are also submitted. Payday is a network of thousands of automated settlement houses, wires, values ​​separated by commas and PDF. Stablecoins programability allows companies to create efficiency among all these data structures, processing, reconciliation and payment reporting.

Many smaller banks simply arouse with the possibility of including a free, public Stablecouins network in their work flows. Like many companies, how AI can change their companies in the chatgpt version in 2022, just as banks have to check how Stablecouins will raise the movement of money.

Recently, Custody Bank released its own Stablecoin, Avit, on Ethereum. Custom users can access rapid, low-cost banking services that are complex to overcome. This is a great example of implementation for other financial institutions to follow.

Stablecoin adoption is growing because the technology is still improving

According to Artemis and Dune, Stablecoin’s vigorous wallets increased from 19.6 million in February 2024 to over 30 million in February 2025, US President Donald Trump hopes that Stablecoin’s legislation on his desk until August 2025. Wyoming already did this at the end of March 2025.

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Stablecoin infrastructure has improved significantly and trust in the safety of Stablecoin has been increased. 91% of Stablecoin supply is supported by FIAT, and only 8.5% are supported by secured cryptographic assets. More risky algorithmic stablecoin went out of fashion.

Increased changes also facilitate the utilize of companies outside Krypto. There are now basic solutions for many original UX problems with Stablecouins.

In addition, more resources move. By using Stablecouins in public networks, such as Ethereum, payment companies will be better prepared to support the future financial system. This is not only Stablecouins that update the financial system. At the beginning of this year, Larry Fink, General Director of Blackrock, said Squawk box He wants SEC to “quickly approve the tokenization of bonds and shares.”

For banks looking for a competitive advantage in the world of powerful fintechs, changing interest rates and lower consumer savings, the utilize of Stablecouins to improve their products, and their internal operations can be the most powerful decision.

Opinion: Megan Knab, CEO, Franklin Payroll.

This article is used for general information purposes and should not be and should not be treated as legal or investment advice. The views, thoughts and opinions expressed here are themselves and do not necessarily reflect or represent the views and opinions of Cointelegraph.