According to Mihir (@RhythmicAnalyst), the introduction of stable coins on private blockchains by banks and financial institutions signals their intent to leverage blockchain technology for their own advantage, rather than to decentralize finance. This trend could lead to tighter institutional control over digital assets, affecting the broader crypto market by potentially limiting the influence of open, public blockchains. Traders should monitor how private blockchain stable coins may impact liquidity, accessibility, and the regulatory landscape for cryptocurrencies. Source: Mihir (@RhythmicAnalyst) on Twitter, May 23, 2025.