Stablecoins and the Bundling/Unbundling of Banking
Published:
2025-04-23 22:30:03
Stablecoins are poised to dismantle and reconstruct traditional banking services, mirroring the disruptive patterns seen in earlier technological revolutions. Jim Barksdale’s observation on bundling and unbundling captures a fundamental truth about tech-driven disruption—the internet fragmented newspapers into classifieds, search engines, and blogs. Now, stablecoins may execute a similar unbundling in finance, decoupling services like lending, payments, and custody before recombining them in innovative ways. The financial system’s legacy infrastructure, ripe for disruption, could see its components redistributed across decentralized networks. As with past unbundling, the winners will be those who rebuild with efficiency and scale.
By:
|Square
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