In Binance's report, you can further understand why the banking system is particularly resistant to stablecoins, especially those that offer interest. Previously, the flow of USD looked like this: Federal Reserve → Banks → SWIFT → Visa → Users → Merchants. But now, it's increasingly likely to become: Federal Reserve → Tether → Blockchain → Wallets → Users → Merchants. Banks are starting to step back from the frontlines, while blockchain takes on roles like payments, clearing, remittances, savings, and wealth management. Especially as the biggest demand for stablecoins shifts from just trading to real-world production and consumption, the impact of stablecoins on the traditional banking system is becoming unstoppable. Binance is currently the largest custodian of stablecoins globally, holding $53 billion and capturing 57% of the market share. Over the past three years, it has distributed $1.2 billion in earnings, processed 10 million transactions daily, and supported 21 million merchants. Stablecoins are reshaping the global financial system, and Binance has become the largest liquidity hub and reservoir for stablecoins.