Прогноз: мир ожидает «суперцикл» ста тысяч стейблкоинов, меняющий финансовый ландшафт Translation: Headline: Prediction: The world anticipates a super cycle of a hundred thousand stablecoins, transforming the financial landscape.

The worldwide increase in stablecoins is compelling traditional banks to safeguard their capital and reevaluate their business strategies. This was stated by Aishwarya Gupta, the head of the payments and RWA division at Polygon, in an interview with The Fintech Times.

He believes that the market has entered the initial phase of a «super cycle» of stablecoins. This trend indicates that every major organization is eager to launch its own currency pegged to fiat money.

Gupta predicts that over the next five years, at least 100,000 such assets will emerge in the market.

Such explosive growth will pose a significant challenge to traditional banking models. For decades, credit institutions have relied on low-interest deposits as a cheap source of capital.

Now, however, stablecoins offer investors returns that are unavailable in the conventional financial system.

«The outflow of capital undermines the very foundation of banking credit. Deposits are the fuel for loans; without them, banks will face rising capital costs and an inability to perform their core functions,» warned the Polygon executive.

Gupta believes that in response to capital flight, banks will begin launching deposit tokens—digital counterparts of customer funds that keep money within the banking system while providing all the advantages of blockchain.

Using JPMorgan as an example, the expert described a model in which a wealthy client can use the JPMD coin for transactions on platforms such as Coinbase without removing actual funds from the bank’s control.

According to him, this approach will maintain balance while meeting the growing demand from clients for the mobility of digital assets.

BNY Mellon is also developing its own deposit token. The bank’s Treasury Services head, Karl Slabiki, believes that such tools will enable financial institutions to move away from the limitations of outdated systems and simplify the transfer of deposits and payments within their ecosystems.

In May, HSBC introduced a tokenized deposits service for corporate clients in Hong Kong and Singapore. In September, the bank expanded the product to the markets of the UK and Luxembourg, adding support for local currency settlements.

It’s worth noting that in November, JPMorgan and DBS announced a blockchain system for interbank transfers. The goal of the project is to establish a new industry standard for institutional digital payments.