According to Bain & Company, on April 29 the global consulting firm published a report titled "From Hype to Hard Value: Stablecoin and the Great Rewiring of Wholesale Banking," arguing that stablecoins and tokenized deposits are central to the future of wholesale banking. The report positions stablecoins as strategic tools for money movement, addressing traditional banking's "friction problem" in cross-border payments. The stablecoin sector currently has a total market capitalization of $320 billion, according to DefiLlama data.