Gate founder Dr. Han: Stablecoins have won; banks are moving from confrontation to cooperation.
PANews reported on February 13 that, according to an exclusive interview published by CoinDesk during Consensus 2026, Gate founder and CEO Dr. Han stated that in the debate surrounding whether stablecoins threaten the traditional banking system, stablecoins have actually prevailed in practice, and banks are shifting from early defense and confrontation to pragmatic cooperation and absorption.
Dr. Han argues that banks have not been replaced in the competition with stablecoins; on the contrary, they are increasingly viewing them as more efficient payment and settlement tools. While some regulatory bodies and banking organizations remain cautious about stablecoin yield mechanisms, crypto-native trading platforms, with their 24/7 market and on-chain liquidity structures, are reshaping the operational efficiency of traditional finance. At the market structure level, Dr. Han believes the long-standing "four-year cycle" dominated by Bitcoin halving events is weakening. As the crypto market expands and becomes deeply integrated with the global economy, its trajectory is increasingly driven by external factors such as the macroeconomic environment, US stock market performance, and the AI technology cycle. The crypto industry has evolved from a peripheral innovation phase into a crucial component of the traditional financial system.
Against this backdrop, Gate is accelerating its on-chain deployment of Real-World Assets (RWA) through brand upgrades and global collaborations, laying a solid foundation for 24/7 on-chain trading of assets such as stocks, precious metals, indices, foreign exchange, and commodities.
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