Traditional banks’ share of financial-services revenue is projected to decline to 69% by 2030 from 80% now, according to a Bain report, compared with 95% in the early 2000s. Stablecoin wallets and other digital wallets are intensifying competition by storing digital dollars, enabling around-the-clock transfers and operating across borders without account and routing numbers. Industry participants see payments as the first banking function vulnerable to disruption, ahead of savings and credit. Marcin Kazmierczak of RedStone cited World Bank data showing average bank-remittance costs of 14.99%, versus a global average of 6.36%, while stablecoin transactions can settle in seconds for less than 1%. The longer-term outcome remains unsettled: wallets could replace bank accounts in some functions, or banks could issue tokenized deposits that interoperate with stablecoins. A 2026 BVNK survey found that 77% of digital-asset users would prefer to obtain a stablecoin wallet through an existing bank or fintech provider.