As stablecoins are gradually being accepted by the public, users prefer custodial wallets like banks rather than non-custodial wallets.

Non-custodial wallets place the responsibility for funds on the user, but in reality, most users are unwilling to bear this responsibility. When issues arise, they prefer to seek help from the platform, which aligns better with user habits.

Custodial wallets, in simple terms, remove trading functions and focus on core features such as payments, wealth management, and transfers. This emerging banking logic is more likely to succeed.