Gate CEO Dr. Han argues that stablecoins have prevailed in practice: banks have shifted from a defensive, confrontational approach to a cooperative one, embracing stablecoins as a more effective payment and clearing tool.
This statement was made in a private interview published within the framework of Consensus 2026, amidst the debate over whether stablecoins threaten the traditional banking system.
- Banks are shifting towards collaborating with stablecoins instead of competing with them.
- The four-year cycle associated with Bitcoin halving is being weakened by macroeconomic and technological factors.
- Gate is accelerating the deployment of RWA on-chain to move towards 24/7 trading across a wide range of assets.
Stablecoins and banks: from confrontation to absorption
Dr. Han argues that stablecoins are not a replacement for banks; banks are increasingly XEM stablecoins as a more efficient payment and settlement tool.
He stated that while some regulators and banking institutions remain cautious about the yield mechanism of stablecoins, the market reality is shifting towards a more pragmatic approach. Banks have moved away from early defensive and confrontational approaches, shifting towards collaboration and integration.
He emphasized that native cryptocurrency trading platforms, with their 24/7 markets and on-chain liquidation structures, are reshaping the operational performance of traditional finance, particularly in real-time settlement and liquidation management.
Market structure: 4-year cycle weakening, Gate boosts RWA.
Dr. Han argues that the long-standing four-year cycle dominated by Bitcoin halving is weakening as the cryptocurrency market expands and becomes more deeply integrated into the global economy.
According to him, market trajectories are increasingly dominated by external factors such as the macroeconomic environment, developments in the US stock market, and the AI technology cycle. The cryptocurrency industry has shifted from a marginal innovation phase to a vital component of the traditional financial system.
Against this backdrop, Gate is accelerating the deployment of Real-World Assets (RWA) on- chain through brand upgrades and global partnerships, aiming to lay the groundwork for 24/7 on-chain trading of assets such as stocks, precious metals, indices, foreign exchange, and commodities.
