Standard Chartered says $1T may exit emerging market banks to stablecoins by 2028

Stablecoins could suck US$1 trillion from emerging-market banks in next three years: Standard Chartered

Stablecoins seen as safer option amid currency crises

Stablecoins could suck $1trln from EM banks in next three years, Standard Chartered estimates

Standard Chartered, a bank renowned for operating in developing economies, said the desire to avoid savings being wiped out will drive individuals and companies to put their money into stablecoin wallets instead of banks

Stablecoins could suck $1 trillion from EM banks in next three years, Standard Chartered estimates

Shutdown deepens as Trump links funding deal to health care fight By Marc Jones LONDON (Reuters) -The boom in U.S. dollar-backed stablecoins, helped by Donald Trump’s crypto policies, could suck $1 trillion worth of deposits out of emerging economy banks in the next few years, a report from…

Standard Chartered Predicts $1 Trillion Shift From Banks to Stablecoins

The bank argues that for millions across developing nations, these digital tokens are fast becoming the preferred way to hold U.S. dollars – accessible, liquid, and outside the reach of local financial constraints. According to analysts Geoffrey Kendrick and Madhur Jha, stablecoins now act as “digital dollar accounts” for users seeking security rather than yield. Backed by short-term U.S. Treasuries and redeemable on demand, they offer the kind …

Stablecoins Could Lure $1 Trillion in Deposits Away From Banks: Analysts - WorldNL Magazine

In brief Standard Chartered analysts predict stablecoins could draw $1 trillion in deposits from banks in emerging markets over the next three years. That represents 2% of aggregate deposits in high-vulnerability countries including Egypt, Pakistan, Bangladesh, Sri Lanka, Turkey, India, and Kenya. Depositors in these emerging markets are expected to adopt stablecoins even without yield opportunities because they prioritize capital preservation a…

Stablecoin Prediction: Standard Chartered Sees $1T Exit by 2028

Standard Chartered has predicted that more than $1 trillion could move out of emerging market banks and into stablecoins by 2028, reports Cointelegraph. The bank’s research team believes that as crypto adoption grows, people in developing countries will turn to digital dollars as a safer and easier way to save money. LATEST: Standard Chartered predicts over $1T may exit emerging market banks into stablecoins by 2028 as crypto adoption accelerate…