Stablecoin Wallets Challenge Bank Accounts as Competition Intensifies
Summary
- Bain said traditional banks will see their share of total financial revenue fall to 69% by 2030 from 80% now.
- Industry participants said stablecoin wallets are most likely to replace the payment function in some complex payment markets.
- Ran Goldi and Marcin Kazmierczak said the lines between bank accounts, tokenized deposits, fintech providers and stablecoins are likely to blur.
Forecast Trend Report by Period
Stablecoin wallets could take over some functions traditionally handled by bank accounts.
CoinDesk reported on September 7 that Bain & Company said in a recent report that traditional banks' share of total financial revenue will fall to 69% by 2030 from 80% now.
Industry participants see payments as the bank-account function most exposed to replacement by stablecoin wallets, ahead of savings and credit. That is because stablecoins allow users to store and transfer digital dollars without limits tied to banking hours or national borders.
Still, the boundary between stablecoin wallets and bank accounts may blur rather than one fully replacing the other. Ran Goldi, senior vice president of payments at Fireblocks, said banks will begin issuing tokenized deposits that can interoperate with stablecoins. Rather than displacing banks, stablecoins could push bank accounts themselves to evolve into programmable forms.
A 2026 BVNK survey found that 77% of digital-asset users said they would prefer to open a stablecoin wallet through an existing bank or fintech provider rather than manage one directly.
Marcin Kazmierczak, co-founder of RedStone, said bank accounts combine three functions: payments, savings and credit. He added that stablecoin wallets have already proved competitive in some payment markets where costs are high and processes are complex.
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