Banks tread carefully on stablecoins despite market growth, S&P Global says
CoinDesk
A new S&P Global report reveals that U.S. banks remain cautious toward stablecoins due to regulatory, competitive, and deposit-related risks.Summary
A recent report by S&P Global Market Intelligence highlights that most U.S. banks are maintaining a wait-and-see approach toward stablecoins despite the sector's rapid growth to over $316 billion. While the technology is increasingly viewed as a permanent fixture in global finance, banks are concerned about deposit cannibalization, regulatory uncertainty, and the high costs of upgrading legacy infrastructure to support digital assets. Currently, only 7% of surveyed institutions are developing internal frameworks, with large banks expected to pursue tokenized deposits while smaller lenders focus on providing fiat on- and off-ramps.
(Source：CoinDesk)