A grand narrative is rapidly gaining traction across the crypto market:

cryptocurrencies are moving toward a “Too Big To Fail” (TBTF) moment in history.

Multiple Wall Street analysts and macro research institutions believe that by 2026, the crypto market is highly likely to be de facto incorporated into the United States’ systemically important financial framework, with its status approaching that of traditional giants such as JPMorgan Chase and Goldman Sachs.

This is not speculation—it is the inevitable result of converging policy shifts, capital flows, market structure evolution, and political forces.

From “Fringe Asset” to Systemic Financial Variable

Looking back at the collapse of FTX in 2022, the U.S. government and regulators deliberately distanced themselves from the crypto market, clearly categorizing it as a high-risk, non-systemic asset class.

However, by 2025, the landscape has fundamentally changed.

With Donald Trump’s return to the White House, cryptocurrencies are no longer merely “objects of regulation,” but are increasingly becoming integral components of the U.S. dollar system, the Treasury market, and overall financial liquidity structures.

In particular, the large-scale adoption of stablecoins (such as USDT and USDC) has tightly bound the crypto market to U.S. Treasuries and short-term financial instruments. Under these conditions, any risk event involving a major stablecoin or a leading crypto exchange could spill over into the traditional financial system.

Stablecoins and Exchanges as Potential “Triggers”

Market consensus increasingly points to two core risk vectors that could trigger systemic intervention in the future:

• Liquidity runs on large-scale stablecoins
• Systemic failures or collapses of major crypto exchanges

Take USDT as an example. With a market capitalization approaching USD 180 billion and reserves heavily composed of U.S. Treasuries, a loss of confidence could not only freeze crypto-market liquidity but also disrupt the Treasury market itself.

At the same time, increasing industry concentration is amplifying systemic risk.

In this environment, exchanges with strong compliance frameworks, robust security, and advanced risk-control capabilities will become the ultimate survivors of market selection.

ICOIN: Infrastructure Built for the “Compliance + Security” Era

It is precisely at this industry inflection point that ICOIN’s positioning becomes especially clear.

Rather than chasing short-term speculative gains, ICOIN focuses on building long-term structural competitiveness through:

• Multi-wallet architecture with strict hot-cold wallet separation
• Advanced risk-control systems and abnormal-trading detection
• Compliance-oriented asset management and trading frameworks
• Clear separation between spot, derivatives, and fiat account systems
• Proactive avoidance of high-risk and opaque projects

In a future where cryptocurrencies may be integrated into a Too Big To Fail framework, regulators and markets alike will favor stable, disciplined platforms over aggressive, high-risk exchanges.

If a Crisis Comes, Who Is More Likely to Be “Backstopped”?

A question that cannot be avoided:

If a systemic event on the scale of FTX occurs around 2026, who is more likely to survive?

The answer is probably not “the biggest,” but rather platforms that are:

• Transparent in asset structure
• Clear and disciplined in risk-control rules
• Not dependent on high-leverage arbitrage
• Free from gray-area incentive schemes
• Not creators of systemic risk

This is precisely the development path ICOIN has chosen.

The Destiny of Crypto: From Rebel to Part of the System

Bitcoin was born out of anger toward the 2008 financial crisis and the “Too Big To Fail” bailouts.

Nearly two decades later, cryptocurrencies are approaching a historical irony—

becoming part of the very system they once opposed.

Yet this is not a failure; it is maturity.

In this transition, platforms like ICOIN, which actively embrace compliance, risk control, and long-term thinking, are positioning themselves early for the next stage of the industry.

Conclusion

While the market continues to debate how long the bull market can last, a more important question remains:

Who will survive the next systemic stress test?

2026 may provide the answer.

And ICOIN is already on the path forward.