Standard Chartered Predicts $500 Billion Shift to Stablecoin | US Crypto News
Standard Chartered forecasts up to $500 billion in US bank deposits could move to stablecoins by 2028, primarily impacting regional banks.Summary
Standard Chartered, through its Head of Digital Asset Research Geoff Kendrick, warns that the rapid adoption of stablecoins poses a significant threat to US banks, projecting that as much as $500 billion, roughly one-third of US bank deposits, could migrate to stablecoins by the end of 2028. Kendrick noted that regional banks are the most exposed due to their reliance on Net Interest Margin (NIM) income derived from deposits. This risk extends beyond emerging markets, where a $1 trillion outflow was previously projected. Regulatory uncertainty, exemplified by the delay of the US CLARITY Act, compounds this risk. Despite these banking headwinds, the broader crypto market shows resilience, with Ethereum hitting new highs driven by institutional interest and favorable macro conditions. The report suggests regional banks must prepare for substantial deposit outflows in the coming years.
(Source：BeInCrypto)