Recently, I've been thinking about what company's stock in the stablecoin sector will explode in the next five years? There is a violent argument: I think banks will have an absolute advantage in stablecoin payments, with the structural advantage of their clearing networks and money creation capabilities. While payment service providers can only operate with 1:1 capital efficiency (100% pre-deposited funds are required for each transaction), banks can crush pricing power with 29:1 capital efficiency. The cost of payment is not in liquidity, but in the capital, operating expenses and associated risks locked in at settlement. When banks establish a tokenized clearing network infrastructure, they will become the dominant players in the stablecoin field, mastering core compliance resources, customer resources, liquidity advantages, and bank network resources. We may be faced with the fact that banks will not be the victims of stablecoins, but the ultimate beneficiaries and dominants. So: Instead of buying Circle, is it better to buy bank stocks for ambush?

New idea: Buy shares in a cross-border payment company with a banking license