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Crypto executives expect digital-native users to rely less on banks
The outlook centers on stablecoins and tokenized deposits, which CoinDesk says are projected to grow sharply as payments and remittances shift on-chain.
Crypto executives and bankers told CoinDesk that younger, digital-native consumers may increasingly use wallets with stablecoins and tokenized assets rather than relying on standalone bank accounts.
The interview and discussion described stablecoins as better suited for retail payments and remittances, while bank-issued tokens could support larger wholesale and institutional flows, as firms converge toward app-like financial ecosystems.
Adrian Cachinero of Steakhouse Financial said his firm is building for that shift, managing more than $4 billion in blockchain-based vaults where users deposit stablecoins, earn yield, and keep control through smart contracts.
CoinDesk also cited Visa stablecoin tracking showing $6.6 billion in volume across 132.4 million retail-sized transactions in a recent 30-day period, alongside Standard Chartered expectations for stablecoin circulation to rise to about $2 trillion by 2028.