STABLECOINS ARE TURNING BANKING INTO A ROUTING DECISION

Summary from the TLDR Crypto newsletter

Stablecoins and self-custodial accounts decouple money from any single bank, letting financial providers plug in to compete on specific jobs like FX pricing, settlement speed, or local payment rails rather than owning the full customer relationship. The emerging model is similar to an aggregator for financial services, where switching providers becomes a routing decision instead of moving one's entire financial life. Fierce competition on FX, rails, and compliance is pushing the stablecoin orchestration ecosystem toward more efficiency for customers.