2026-01-08 00:26:42

Wall Street is about to get serious. The American banking giant BND is developing an official stablecoin project called Roughrider, and this time it's not the ambition of a startup—it's backed by the entire traditional financial system.

In a way, this is like Alipay and WeChat suddenly announcing they will launch their own digital currency assets, directly competing with the existing stablecoin ecosystem. It sounds a bit sci-fi, but this is indeed happening.

Why should we pay attention to this development? First, regulatory authorities seem to have a clear stance this time—they're not suppressing the project but actively promoting it. Second, bank-backed stablecoins come with inherent advantages: lower transaction fees, faster transaction speeds, plus the backing of bank credit. With this combination, the market positions built over years by USDC and USDT may need to be reevaluated.

The risks are also very real. Will regulatory attitudes change? Can the banking system truly master the logic of decentralization? Will ordinary users really be willing to migrate from the existing stablecoin ecosystem to a bank-issued version? These questions are still unknown.

Interestingly, this change actually reflects a larger trend—traditional financial giants are finally unable to sit still and are beginning to actively embrace the new battlefield of digital assets. The upcoming competition will no longer be just between stablecoin projects but may evolve into direct dialogue between traditional financial institutions and the existing digital asset ecosystem. What the outcome will be, let's keep watching.

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GasFeeNightmare

· 01-10 22:34

Wall Street is about to raid, Roughrider doesn't sound like someone easy to mess with... USDT and USDC are probably about to become unstable. When banks get involved, it’s definitely intense. Just worried that if regulatory winds change one day, this game will have to be restructured. Watching the show unfold Can it really take down USDC? I remain skeptical. Can banks handle decentralized stuff? I doubt it. Big fish eat small fish—now it's traditional finance's turn to eat our chain? Low fees, fast speed—it's tempting, but I still don't trust bank-backed stablecoins. Is this a sign that the game rules are about to be rewritten... If Roughrider really gets serious, USDT might be toast? Once regulation shifts, this project could disappear—gamblers, don’t get carried away. Honestly, it’s still just centralized entities putting on a different mask. What are we really after? Traditional finance still doesn’t quite understand the logic of blockchain—can they pull it off this time?

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ContractSurrender

· 01-08 22:12

It's here, it's here. Wall Street can finally no longer hold back, and now it's really going to get competitive.

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UnluckyLemur

· 01-08 00:56

Wait, banks issuing their own stablecoins? USDT better watch out now.

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LightningClicker

· 01-08 00:56

Wall Street is really starting to compete for business this time. The banking sector's move is definitely a blow with a dimensionality reduction. USDT and USDC are probably going to be manipulated. Speaking of which, can bank-issued stablecoins truly achieve decentralization? I remain skeptical about this. Honestly, it all depends on how regulators act moving forward. Anything is possible.

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gas_fee_therapist

· 01-08 00:54

Banks playing with stablecoins? If that really happens, USDT's days will be truly tough.

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YieldWhisperer

· 01-08 00:45

Bank systems going decentralized? That's hilarious. Isn't this just centralized centralization?

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SquidTeacher

· 01-08 00:42

Has Wall Street been holding back for so long? Finally can't hold it anymore? Roughrider is here, and USDT and USDC might have a tough time ahead. Let's wait and see. Bank credit backing is indeed powerful, but can they really handle the decentralized approach? Question mark. Big move! Stablecoins are no longer just a game for small-town youths. With a change in regulatory attitude, all chips need to be reshuffled. It's truly a "if you can't beat them, acquire them" rhythm. Low fees and high speed sound great, but who will bear the migration costs? Traditional finance is finally taking it seriously. The good days in the crypto world might be here, or they might be gone. Will ordinary people follow suit? That's the key. I bet five dollars that bank-issued stablecoins will capture over 20% of the market share within three years.

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MetaverseLandlady

· 01-08 00:40

If I had known it would turn out like this, traditional financial players still wouldn't be able to sit still. By the way, are USDT and USDC afraid? Bank credit backing is indeed absolute, but are they really capable in the decentralized space? This is getting interesting; the track is about to change. Let's wait and see, ordinary people will ultimately vote with their feet. If regulations change suddenly, everything becomes pointless; that's the biggest risk. It's like a giant finally bowing and entering the market, the game rules need to be rewritten. In my opinion, the good days of USDT might be over. But is it enough to win with low fees and fast transactions? I don't think so. If this wave truly materializes, the stablecoin ecosystem will undergo a major reshuffle.

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DaoResearcher

· 01-08 00:29

Based on on-chain governance data, this wave of bank system entry is actually an inevitable outcome from the perspective of Token economics—the incentive mechanism flaws of centralized stablecoins have finally been exposed. The interesting point is whether the design logic of the Roughrider project can truly solve the trust minimization problem. Vitalik has long argued that purely centralized solutions will inevitably collapse in decentralized finance, and bank credit endorsements may instead become new single points of failure. From an economic model perspective, high user migration costs and strong network effects mean that the moat of USDT/USDC is not so easy to break. Only if Roughrider's transaction fees decrease to a certain critical point, triggering a shift in group behavior... data will tell the story.

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