Financial Times: Stablecoins will usher in a 'super cycle' within five years, reshaping the banking industry According to the Financial Times, technology experts predict that blockchain stablecoins will trigger a "super cycle" within five years, with over 100000 such payment systems potentially emerging globally, forcing fundamental restructuring of the financial system. Stablecoins pose a threat to traditional bank deposit bases and credit supply capabilities, as they only facilitate payments rather than credit. The European Central Bank is concerned about the loss of sovereignty and is accelerating the launch of digital currencies. Commercial banks counterattack by converting traditional deposits into "deposit tokens". Lloyd's Bank CEO Charlie Nunn claims that combining AI can redesign financial services. JPMorgan Chase's daily tokenized payment volume is about $5 billion, which is still small compared to mainstream payments of $15 trillion. But bank tokenized deposits have advantages: 24/7 transfers do not require a proxy bank, are protected by anti money laundering, endorsed by the central bank, can pay interest, and support smart contract automation, which is expected to resist stablecoin competition while maintaining regulatory advantages.