Crypto executives and banks expect younger, digitally native consumers to rely on wallets holding stablecoins and tokenized assets instead of traditional bank accounts. The Visa stablecoin tracker recorded $6.6 billion in volume across 132.4 million retail‑sized transactions in the past 30 days. Standard Chartered forecasts stablecoin circulation to reach about $2 trillion by 2028 and agent‑led e‑commerce purchases to rise from 1 percent to 12 percent of e‑commerce by 2029. Neobanks now represent nearly 40 percent of new banking accounts worldwide, with more than 1.4 billion users. Adrian Cachinero, co‑founder of Steakhouse Financial, said his 18‑month‑old daughter may never need to open a bank account. He said Steakhouse operates DeFi vaults that let users deposit stablecoins, earn yield and retain control via smart contracts, managing over $4 billion in blockchain assets. Cachinero said banks are not expected to disappear, but that a digital‑first generation will expect online payments, savings and other services. Naveen Mallela, Standard Chartered’s global head of payments, said a single identity‑linked wallet could replace separate bank and brokerage accounts, holding cash, tokenized deposits, stablecoins, crypto and other assets. He clarified that this was his personal view, not an official bank position. Mallela said stablecoins may dominate retail payments and remittances, while tokenized deposits could serve wholesale and institutional flows. Shunyet Jan, Binance’s head of exchange and trading, said many of the exchange’s users are younger, particularly in emerging markets. He said Binance intends to expand beyond trading into payments and other financial services through a super app that consolidates multiple assets in one interface. Jan added that many Binance staff keep most of their holdings on the exchange, enabling payments and debit‑card spending. Eneko Knorr, co‑founder and CEO of Stabolut, said the line between banks and crypto firms is becoming less clear, as traditional banks offer crypto products and crypto platforms provide banking services. He said younger customers may choose apps that combine stablecoins with daily banking functions. Knorr noted that stablecoin payments still depend on regulated banking infrastructure. Rohan Misra, head of the Gulf Cooperation Council region and CEO of AMINA Bank ADGM, said stablecoins are increasingly used for payments and settlement but require regulated banking support. He questioned whether self‑custody, where users hold private keys, will become the default, noting that loss of a private key means irreversible loss of assets, similar to cash kept under a mattress. Analysts said the trend indicates a change in how financial services reach customers rather than the end of banks. Companies are adding accounts and cards, while banks are testing tokenized deposits and blockchain payments. Steakhouse continues to operate mainly with stablecoins and uses its bank account sparingly, according to Cachinero.