One executive felt that the collapse of banks like Silvergate had undoubtedly done harm to digital currency exchanges, but the industry had a way to survive without any bank.

Bobby Zagota, Bitstamp USACEO and global business officer, points out that access to password exchanges relies heavily on traditional banking systems for customer savings, which makes them vulnerable to a variety of banking problems.

The executive felt that the value of stablecoins--, a digital currency associated with currency in circulation or other property, could be the solution to the data encryption banking puzzle.

"people are now discussing how stable money can provide us with traditional banking alternatives," Zagotta said in an interview with Cointelegraph on March 27. He added that smooth numbering is likely to open up new functions for the industry, allowing it to look at banking processes from a new perspective and return to the origin and meaning of data encryption, he added:

"one of the founding criteria of the industry now is to allow me to buy and sell without relying on third-party institutions, so there are other probabilities to be explored, such as the use of a stable system to reduce friction caused by the banking management system."

According to Zagotta, stable currency lending brings many benefits, such as faster and more cost-effective buying and selling transactions, minimizing bank dependence and increasing liquidity. "according to regulatory requirements, we may see the continuous evolution and optimization of a stable system within the exchange during a period of banking difficulties," the executive said. "

In an interview with the media, Zagota paid attention to the fact that the login password industry must find the factors that caused the regulatory authorities to intervene in the signed banks. This is necessary for the industry to ensure that banks that are password-friendly operate in a safe and sustainable manner. He advised exchanges not to rush to transfer customers' money to foreign banks that are likely to face challenges or risks, thus creating a lot of risks for customer production.

Bitstamp currently has 15 bank strategic partnerships around the world, including foreign banks such as Customers Bank and MVB Bank, as well as European regional banks such as LHV Bank and Gorenjska Banka, which can also handle dollar payments, according to the executive. Zagotta added: "We are also in talks with Texas Bank, Western team Bank, Axos Bank and Cross River Bank to ensure that everyone maintains a strong Internet in all this development."

Although Bitstamp is trying to use stable currencies as a potential solution to the Crypto banking problem, it is important to note that some of the most important stable currencies, such as US dollar coins, are not immune to the banking problem themselves. USDC Issuer Circle ran into basic problems in March because of its $3.3 billion opening to the bankruptcy of Silicon Valley Bank (SVB). Those events caused the USDC to temporarily lose its 1:1 peg to the US dollar.

It is reported that the banking woes have been dissipating in the past few weeks, but they have not yet come to an end. Jose Emmanuel Campa, director of the European Regional Banking Administration (European Banking Authority), said European banks were still vulnerable after the collapse of SVB and the Swiss bank's emergency response to qflp Credit Suisse.

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