[Moody's Analyst: Stablecoins Will Not Pose a Threat to Banks in the Short Term] According to Cointelegraph, Abhi Srivastava, Vice President of Moody's Investors Service Digital Economy Group, stated that the impact of stablecoins on the banking industry is 'limited' at this stage. He noted that the use of stablecoins is still relatively limited, but their market capitalization has already exceeded $300 billion, and their role in payments, cross-border commerce, and on-chain finance is 'expanding.' The existing U.S. payment system is already 'fast, low-cost, and reliable,' coupled with U.S. regulations prohibiting stablecoin payment yields, making it unlikely for stablecoins to replace traditional deposits on a large scale in the short term. However, as the adoption of stablecoins and tokenized RWAs grows, they may exert pressure on the banking industry in the long term, leading to deposit outflows and reduced lending capacity.