Institutional funds are flowing back and forth between crypto and traditional finance, essentially driven by upgrades in financial infrastructure. Among these, stablecoins as a deposit channel are becoming increasingly popular, while traditional banks are also experimenting with issuing their own deposit tokens. These two elements together have become a key link connecting the two financial worlds, directly improving the efficiency and cost of fund flows.

The transformation of stablecoins' identity is worth noting. From initially serving as trading chips on exchanges, to later acting as safe-haven assets in DeFi, and now evolving into a global-level payment and settlement infrastructure—this transformation is most clearly demonstrated when a well-known electronic broker announced support for clients to deposit directly using stablecoins (mainly USDC).

What makes this broker's move impressive? Simply put, it treats blockchain networks as a new clearing layer, delivering a dimensionality reduction attack on traditional bank wire transfers. Think about it: under the old method, a wire transfer would go through a local bank → SWIFT system → multiple intermediary banks → finally to the recipient bank, taking 1-3 business days and incurring hefty fees. With stablecoins, settlement can be completed in seconds to minutes, and can be done 24/7, instantly saving on capital occupancy costs.

The underlying operational logic is as follows: this broker collaborates with compliant stablecoin institutions like Paxos and Circle. USDC transferred by users is exchanged 1:1 for USD, then immediately credited to the securities account. This not only optimizes the transaction process but also signifies that traditional financial infrastructure is being redefined.