Gate CEO Lin Han says banks have lost the ‘existential’ war against stablecoins
CoinDesk
Gate CEO Lin Han asserts that banks have lost the existential battle against stablecoins, viewing crypto as foundational infrastructure.Summary
Lin Han, CEO of the crypto exchange Gate, stated that the traditional four-year Bitcoin cycle is obsolete, as the digital asset market has matured into a global macroeconomic pillar tied to U.S. equities and AI shifts. He believes stablecoins represent a technological upgrade rather than an existential threat to banks, who are now looking to use them for accelerated services. Lin anticipates a rapid tokenization of real-world assets like stocks and commodities, positioning Gate to soon surpass traditional exchanges due to superior 24/7 on-chain liquidity infrastructure. Gate is focusing on building this infrastructure and integrating existing stablecoins like USDC, rather than issuing its own.
(Source：CoinDesk)