Banks Confront $1 Trillion Deposit Shift Toward USD-Linked Stablecoins
- $1 trillion may leave Emerging-market bank deposits for USD-pegged stablecoins within 3 years
- Stablecoin savings projected to reach $1.22 trillion by 2028, up from $173 billion
- China, Brazil, and India face major deposit outflow risks from dollar-pegged stablecoins
Standard Chartered estimated that dollar-pegged stablecoins could attract about $1 trillion from emerging-market bank deposits within three years. The bank projected “stablecoin savings” across developing nations at roughly $1.22 trillion by 2028, compared with about $173 billion today.
The same analysis noted that nearly 99% of stablecoins remain pegged to the U.S. dollar, which makes them behave like digital dollar accounts in high-inflation or weak-FX environments.
Who is most exposed and why
China carried the world’s …
Read The Full Article Banks Confront $1 Trillion Deposit Shift Toward USD-Linked Stablecoins On Coin Edition.
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Banks Confront $1 Trillion Deposit Shift Toward USD-Linked Stablecoins
- $1 trillion may leave Emerging-market bank deposits for USD-pegged stablecoins within 3 years
- Stablecoin savings projected to reach $1.22 trillion by 2028, up from $173 billion
- China, Brazil, and India face major deposit outflow risks from dollar-pegged stablecoins
Standard Chartered estimated that dollar-pegged stablecoins could attract about $1 trillion from emerging-market bank deposits within three years. The bank projected “stablecoin savings” across developing nations at roughly $1.22 trillion by 2028, compared with about $173 billion today.
The same analysis noted that nearly 99% of stablecoins remain pegged to the U.S. dollar, which makes them behave like digital dollar accounts in high-inflation or weak-FX environments.
Who is most exposed and why
China carried the world’s …
Read The Full Article Banks Confront $1 Trillion Deposit Shift Toward USD-Linked Stablecoins On Coin Edition.
Read More
Japan’s Top 3 Banks Led By MUFG Unite to Unveil Local Stablecoin