The European Central Bank has published a document with a warning that the mass introduction of stablecoins may lead to an outflow of deposits from the banking system.

That is, the Central Bank publicly expresses concern that people can voluntarily transfer their money from banks to stablecoins.

The people who control the monetary system literally admit that their product (fiat) can lose to a better product.

In general, long-term trends for banks are clearly not very fun.