Gate.io CEO Lin Han Declares Banks Lost the Stablecoin War, Highlights Crypto Adoption

In a significant statement, Lin Han, the CEO and founder of leading cryptocurrency exchange Gate.io, asserted that traditional banks have decisively lost the battle against stablecoins. He emphasized that stablecoins, digital assets pegged to fiat currencies like the US dollar, have already achieved widespread adoption and utility that the traditional banking sector cannot overturn. Han pointed to the massive user base and transaction volumes of major stablecoins such as USDT (Tether) and USDC (USD Coin) as clear evidence of their entrenched position in the global financial ecosystem. This shift, according to him, underscores the irreversible momentum of cryptocurrency integration into mainstream finance, moving beyond speculation to practical, everyday use cases for payments and settlements. The comments highlight the growing confidence among crypto industry leaders regarding the permanence and resilience of digital assets against traditional financial opposition.