[Opinion: Stablecoin Scale Limited by Banking Infrastructure] According to Decrypt, the article points out that the current enterprise-level stablecoin payment volume is only about $390 billion annualized, accounting for approximately 0.02% of the global $208 trillion cross-border payment market. The primary reason is that fiat on/off ramps and local clearing still heavily rely on regulated banking systems. Corporate payment funds originate from bank accounts and ultimately return to bank accounts, with stablecoins only serving as an intermediary for cross-border settlement. The author emphasizes that reliance on a single bank is a key operational risk underestimated in the crypto payment sector. The Silvergate and Signature incidents, as well as cases involving U.S. regulators targeting 'de-risking' and 'cease-and-desist letters,' demonstrate that if the sole partner bank exits the related business, companies could immediately face operational paralysis.